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

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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.

“They’re not just buildings, they are highly integrated systems where you…



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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.

“They’re not just buildings, they are highly integrated systems where you…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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