Climate change is reshaping the risk environment for construction and infrastructure projects across Europe, with rising temperatures, more frequent extreme weather events and shifting climatic patterns driving losses well beyond historic norms. From floods and wildfires to heat-related project delays and accelerated material degradation, the built environment is under increasing pressure — forcing project owners, contractors and insurers to rethink traditional assumptions. This panel brings together climate risk specialists from insurers, brokers and lawyers to examine how climate-related hazards are evolving, which European regions and project types are most exposed and how long-term construction planning must adapt.

In parallel, the insurance industry is recalibrating: catastrophe models are being updated, pricing structures are shifting and new resilience requirements are emerging within underwriting frameworks. Our panel will explore how risk managers and insurance buyers can navigate this changing landscape — leveraging advanced climate modelling, embedding resilience into project design and accessing new forms of risk transfer such as parametrics, blended covers and climate resilience endorsements - while navigating the risk of companies and their D&O’s being targeted for emissions-related claims. With Europe already experiencing billion-euro weather losses annually, this session will provide practical insights into how the construction sector can strengthen climate preparedness, anticipate litigation and liability risks, secure appropriate insurance capacity, address existing policy pitfalls and coverage risks and build a strategic response to the growing volatility of natural hazards.