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 specialists, engineers, risk managers and insurers 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. With Europe already experiencing billion-euro weather losses annually, this session will provide practical insights into how the construction sector can strengthen climate preparedness, secure appropriate insurance capacity and build a strategic response to the growing volatility of natural hazards.