{
  "id": 653326,
  "title": "Global data centre insurance premiums projected to be over US$24 billion by 2030",
  "url": "https://urgent.news/2026/08/12/global-data-centre-insurance-premiums-projected-to-be-over-us-24",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-12T10:22:13.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/global-data-centre-insurance-premiums-projected-be-over-us24-billion-2030"
  },
  "original_language": "en",
  "account": "The global data centre insurance market is expected to reach over US$24 billion by 2030, a significant increase from the current US$11 billion, according to a new report from business insurer Allianz Commercial. This growth is driven by the increasing capacity, insured values, and operational complexity of large-scale artificial intelligence infrastructure projects. The report highlights that comprehensive insurance cover is becoming a prerequisite for financing many of these projects, with AI campus construction costs exceeding US$20 billion. As data centres evolve from commercial real estate to mission-critical infrastructure, insurance is expanding beyond protecting physical assets to supporting investment and operational resilience, encompassing areas such as energy resilience, operational continuity, and technology risk. Fire is currently the most expensive cause of data centre losses, accounting for nearly 60% of 677 million euros (US$781.6 million) in insurance industry claims, followed by natural catastrophes, wilful acts, and power failure. Europe accounts for 38% of claims value, North America 36%, and Asia 21%. The US and China are projected to contribute to around 62% of new global capacity additions by the end of 2030. Business interruption, covered under property, is the primary severity driver in insurance business, underscoring the significant financial impact of operational downtime.",
  "summary": "This is up from US$11 billion today, says Allianz Commercial",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}