/ Updated / 10 min read
Engineering underwriting team - Global RE Underwriting
Key takeaways
- Engineering risk is project-specific: contract value, schedule, method statement, contractor experience and testing exposure.
- Heavy lifts, testing, commissioning and handover concentrate risk even when a project looks balanced on paper.
- Deductibles, reporting cadence and testing language should reflect the project stage.
Engineering data is project-specific by design
Engineering portfolios depend on project-specific information: contract value, works schedule, method statement, contractor experience, and testing exposure.
Global RE reviews the credibility of technical documentation before giving weight to price indications or proposed participation.
Project stage changes the risk conversation
A project can look balanced on paper while carrying concentrated exposure during heavy lifts, testing, commissioning, or transition to operational cover.
Reinsurance structures should reflect project stage through deductible design, reporting cadence, testing language, and clear handover definitions.
What makes a submission stronger
Credible project documents, engineering reports, contractor records, loss history, and quality-control procedures all improve the underwriting view.
On very large builds such as hyperscale data centres, this matters even more. Where delay exposure exists, critical path assumptions should be explained clearly before placement so cedants and reinsurers share the same expectation of performance.
Frequently asked questions
- What data do engineering reinsurers need?
- Contract values, works schedules, method statements, contractor records, engineering reports, loss history and quality-control procedures.
- Which project stages carry the most engineering risk?
- Heavy lifts, testing and commissioning, and the handover from construction to operational cover.
