Construction Risk Intelligence for Builders Risk

Please join IMUA for an engaging webinar, “Construction Risk Intelligence for Builders Risk: A Novel Approach to De-Risking Construction Upfront for Better Outcomes” presented by three industry experts. 

Water damage is the largest source of Builders Risk losses, directly impacting insurers’ loss ratios and insureds’ project margins and schedules. This session explores a new approach: bringing technology-enabled water mitigation planning into pre-construction and enhanced broker submissions, giving underwriters and risk engineers project-specific visibility to assess and price risk with greater confidence. Presenters will highlight:

• The barriers slowing adoption of water mitigation technology—and what closing them unlocks for insureds, brokers, and underwriters
• How project-specific mitigation visibility can strengthen submissions, risk assessment, quoting, and coverage terms
• How the process works, from pre-construction planning and market submission through certification, monitoring, KPIs, and underwriting insights
• How to interpret Good/Better/Best protection classifications and apply them to underwriting decisions
• How verified IoT loss controls can support capacity placement and preferred terms, with real project examples and market data—including deductible reductions of up to 50% on first water loss
• Understand how upfront certainty into how insureds are managing water risk enables greater underwriting confidence, improved loss-ratio outcomes, and provides a clearer path to preferred coverage terms.

Presenters:         

Brenda Myung, CPCU CIP CRM
Assistant Vice President, Builder’s Risk
Berkshire Hathaway Specialty Insurance

Michael Fadalti, BASc,
Director, Project Development
Brickeye

Alex Fuentes, BASc, MBA
Chief Growth Officer
Brickeye