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4 sky-high challenges of insuring billion-dollar skyscrapers

What does it take to insure a billion-dollar supertall building? Some extreme appetite for risk, for starters.

By Bill Coffin | Updated on July 03, 2014

Allianz Global Corporate Solutions is the reinsurer of the megascraper. Of the 100 tallest buildings in the world, Allianz insurers every single one of them. This has become a defined specialty for them, but there are still plenty of skyscrapers below 100 stories that need coverage, and that are well tall enough to entail many of the same considerations of their taller brethren when it comes to construction and underwriting.

As AGCS has released its report, “Supertall Buldings,: Construction Risk Assessment in the 21st Century,” it covers many of the particular challenges and opportunities of covering such monumental building projects. We have focused on just four of the most important. We will provide a link to the report at the end of this story. (For a closer look at the following graphic – and we suggest that you do, because it is fascinating – click here to see a hi-res version.)

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