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Mark Farmer: Insurance and construction sectors ‘need to get closer together’ on MMC

By 2021-07-05T11:20:00

construction, blueprint

Underwriters must work with construction businesses to understand how modern methods of construction aim to eliminate randomised and systemic risks

The rise of modern methods of construction (MMC) “as a whole concept is here to stay”, meaning that the insurance and construction sectors must “get closer together” to “understand the difference between systemic risk versus randomised risk”, according to Mark Farmer, founding director and chief executive of Cast Real Estate and Construction Consultancy and author of the 2016 report The Farmer Review of the UK Construction Labour Model.

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