1. Home
  2. Knowledge Hub
  3. Innovative E&C companies depend on leadership's commitment

Innovative E&C companies depend on leadership's commitment

December 12, 2018

Our top 6 picks for technology innovation areas to promote productivity and risk mitigation in the engineering and construction fields.


Although innovation and technology adoption have not been priorities for many engineering and construction (E&C) companies, it also means that substantial opportunities exist in these areas.

As companies seek solutions, two points bear emphasis. First, innovation shouldn’t be limited to new or advanced technology. Sometimes it’s combining time-tested practices with current technology that best improves your customers’ experience and your business results. Second, simply adding technology isn’t a cure-all. Achieving success in innovation starts with leadership commitment and must work its way down through an organization.

As a leading insurance provider for the construction space, serving customers is our top priority, but we can’t tell them which innovations to choose or how to implement them. E&C company leaders need to assess and decide what technology solutions are best suited to solve their unique business challenges.

However, innovations that improve our customers’ ability to manage risk effectively are the ones we focus on. With that in mind, we have identified six technology categories we’re assessing in collaboration with our E&C customers:

  • Wearables/employee tracking devices
  • Artificial intelligence (AI)
  • Unmanned aircraft systems (UASs)/drones
  • Predictive analytics for medical/health management
  • Robotics, both autonomous and assistive
  • Monitoring and tracking equipment/autonomous vehicles

Implementing any new technological process takes time and patience. You must allocate appropriate investments and have a plan for rolling out the new initiative, following up and making people accountable at every level. If you don’t do all these things with the goal of continuous improvement, the implementation won’t succeed. However, when you do follow these steps, you and your customers can reap substantial benefits.

Read a case study of one company’s approach to innovation, and learn more about our choices for innovation and technology areas of concentration for the E&C industry.

See where your focus should be.

Related articles

The information in this publication was compiled from sources believed to be reliable for informational purposes only. All sample policies and procedures herein should serve as a guideline, which you can use to create your own policies and procedures. We trust that you will customize these samples to reflect your own operations and believe that these samples may serve as a helpful platform for this endeavor. Any and all information contained herein is not intended to constitute advice (particularly not legal advice). Accordingly, persons requiring advice should consult independent advisors when developing programs and policies. We do not guarantee the accuracy of this information or any results and further assume no liability in connection with this publication and sample policies and procedures, including any information, methods or safety suggestions contained herein. We undertake no obligation to publicly update or revise any of this information, whether to reflect new information, future developments, events or circumstances or otherwise. Moreover, Zurich reminds you that this cannot be assumed to contain every acceptable safety and compliance procedure or that additional procedures might not be appropriate under the circumstances. The subject matter of this publication is not tied to any specific insurance product nor will adopting these policies and procedures ensure coverage under any insurance policy.

This is intended as a general description of certain types of risk engineering services available to qualified customers through The Zurich Services Corporation. The Zurich Services Corporation does not guarantee any particular outcome and there may be conditions on your premises or within your organization, which may not be apparent to us. You are in the best position to understand your business and your organization and to take steps to minimize risk, and we wish to assist you by providing the information and tools to help you assess your changing risk environment.

Comments with LinkedIn

You are logged in as (Logout)

Input is not correct!