The global data centre insurance market is projected to grow from currently around US $11 billion to more than $24 billion by 2030, which comes as the market continues to drive an influx of infrastructure risks and opportunities, according to Allianz Commercial, the commercial insurance business of Allianz Group.
The company states that this growth will be supported by expanding data centre capacity, higher insured values and increasingly complex operational risks.
Research from the insurer shows that construction costs for individual AI campuses can exceed $20 billion, with insured values rising considerably higher once high-performance computing equipment is installed.
The company also highlighted how the insurance requirements of data centres are broadening as the space continues to expand and gain momentum.
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