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Construction hazards: The risk of not innovating

The construction and insurance industries have many things in common, but neither industry has been regarded as being overly innovative. Fortunately, that perception is changing.

By Gary Kaplan | Updated on November 07, 2017

The construction and insurance industries have many things in common. Both industries have a long, venerable history, and both are dealing with an aging workforce and the challenge of developing new talent. Both also have been operating recently in a prolonged competitive market with slim profit margins, requiring strong risk management practices to navigate successfully.

Additionally, neither industry has been regarded as being overly innovative. Fortunately, that perception is changing.

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