Demand and risks for global data centre insurance growing: Swiss Re

Fast growth in data centre construction is pushing up insurance demand and risks for the sector, a report published by Swiss Re on Friday said.

Global insurance premiums linked to data centres are expected to rise to $24.2 ‌billion by ⁠2030 ⁠from an estimated $10.6 billion currently, the report said.

Noting that building costs for one site can exceed $20 billion, financing institutions are pressing insurers for limits that cover the full cost of construction, Swiss Re said.