ConfigRisk is an AI‑first specialty wholesale brokerage that creates insurance programs tailored to the construction industry’s contract‑driven risks. By analyzing each contractor’s operational profile—including BIM use, connected jobsite technology, and subcontractor chains—it configures coverage limits, triggers, endorsements, and conditions to address project delays, subcontractor liability, fraud, technology risk, and business continuity. The firm partners with retail agencies, supplying the specialty product and technical expertise while allowing agencies to retain client relationships and margins.
Funding
Funding not disclosed
Founders
Product
Problem
Construction contractors face insurance coverage that lags behind the complex, contract-driven risks of modern projects, including delays, subcontractor failures, technology integration, and fraud. Standard policies are often generic, leaving gaps that can result in costly disputes and uncovered liabilities.
Solution
ConfigRisk offers an AI‑first specialty wholesale brokerage that designs insurance programs specifically for the construction sector. By analyzing each contractor’s operational profile—such as BIM usage, connected jobsite technologies, and subcontractor chains—the firm configures coverage architectures that align limits, triggers, endorsements, and conditions with actual exposure. The underwriting framework is built from the ground up for construction, rather than adapted from other industries, ensuring policies address project delay, subcontractor liability, payment fraud, technology risk, and business continuity. ConfigRisk partners with retail agencies, providing the specialty product and technical expertise while the agency retains the client relationship, delivering tailored risk solutions that keep pace with emerging construction technologies.
Target Audience
Primary customers are wholesale insurance agencies that serve construction contractors, as well as the contractors themselves who require coverage aligned with their specific project and technology risks.
Features
- Construction‑native underwriting that creates policy forms, risk appetites, and pricing models based on industry‑specific operations and contracts
- AI‑driven risk analytics that map a contractor’s workflow, technology stack, and subcontractor network to identify coverage gaps and optimal limit structures
- Customized coverage modules for project delay, subcontractor liability, payment and contract fraud, connected jobsite exposure, technology & data risk, owner & contract liability, and business continuity
- Wholesale brokerage model that supplies specialty products and market access to retail agencies, allowing agencies to maintain client relationships and margins
- Integration of emerging construction technologies (e.g., BIM platforms, IoT‑enabled sites) into risk assessments and policy triggers