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You’ve read plenty about AI & cybersecurity. Now AON, the major global insurance broker, is stepping up its program to protect the data centers that enable AI in the first place from cybersecurity and other threats. Aon plc has expanded the capacity of its Data Center Lifecycle Insurance Program (DCLP) from $1 billion to $2.5 billion, a strategic move to underwrite the rapidly growing risks associated with data centers that increasingly power the global digital economy, including threats involving cyber attacks, construction risks and operational continuity. This expansion reflects insurers’ acknowledgment that as data centers become ever more critical to economic growth and enterprise value, more robust and integrated risk transfer solutions are needed.
Coverage from Construction to AI & Cybersecurity
The expanded DCLP provides wide-ranging coverage for all phases of a data center’s lifecycle — from construction to everyday operations — combining traditionally siloed products into one program. Key features include up to $2.5 billion in construction and operational property damage/business interruption coverage, up to $400 million in cyber and technology exposures, $500 million in project cargo protection, and $100 million in third-party liability coverage (excluding U.S. exposures). These enhancements aim to streamline insurance procurement and more effectively protect against physical and digital losses that can halt operations and impact investor confidence.
Insuring a $7 Trillion Growth Sector?
The AI data center sector is poised to leap from $236 billion in 2025 to $934 billion by 2030, growing at 31.6% yearly, according to estimates. More than 10,500 centers now operate globally, with requirements for them expected to triple by 2030, demanding up to $7 trillion in funding, according to various media reports.
“The expanded DCLP is designed to support investors, developers and operators as data centers grow larger, more capital-intensive and more operationally complex. By integrating insurance capacity with risk engineering and analytics, the program helps clients anticipate risk, demonstrate resilience to stakeholders and support long term performance,” according to AON.
“When disruptions occur, the financial and operational consequences can be significant and ripple well beyond a single facility, affecting customers, supply chains and broader business operations,” said Joe Peiser, CEO of Commercial Risk for Aon. “By expanding the capacity of DCLP, we are helping clients manage risk across the full lifecycle of a data center – from build-out to steady state operations, while supporting faster, more certain execution.”
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Insuring a Major Driver of Stock Market Growth
Public companies tied to data center infrastructure — including those supplying power systems, fiber networks, and compute hardware — have seen booming stock performance, event creating fears of an “AI bubble.” This market enthusiasm and massive spending explains part of why why insurers like Aon are increasing capacity: data centers represent both a growth opportunity and a concentration of risk that traditional policy frameworks struggle to address comprehensively.
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