Allianz Projects $24 Billion Data Centre Market by 2030

News Desk: Allianz Commercial expects the worldwide market for data centre insurance to expand sharply over the coming years, climbing from roughly 11 billion dollars at present to more than 24 billion dollars by 2030. The projection appears in a report the company released earlier this month examining how the surge in artificial intelligence infrastructure is reshaping both the scale and the risk profile of these facilities.

The growth reflects a combination of rapid capacity additions, higher insured values once high performance computing equipment is installed, and greater operational complexity. Construction costs for a single AI campus can already top 20 billion dollars, and lenders increasingly insist on comprehensive insurance programmes before they commit capital. As a result, cover is moving beyond traditional property policies toward integrated packages that include construction and engineering risks, business interruption, cyber protection and liability, along with emerging needs around energy resilience and technology failure.

The United States and China are set to account for around 62 percent of new global capacity through the end of the decade. Nearly four fifths of existing capacity already sits in locations with elevated natural catastrophe exposure, a factor that is drawing closer attention from underwriters. Analysis of more than two hundred industry claims shows fire as the dominant driver of large losses, responsible for well over half of roughly 800 million dollars in analysed claims value. Water damage remains the most common cause of claims by frequency, followed by deliberate acts and power failures.

Thomas Lillelund, chief executive of Allianz Commercial, has noted that insurance is becoming structurally embedded in the financing of large AI infrastructure projects. The company sees the shift creating both challenges and opportunities for the sector as data centres evolve from ordinary commercial real estate into mission critical infrastructure. The report underscores that losses from major fire or catastrophe events can already reach hundreds of millions of dollars, reinforcing the need for careful risk assessment as the market continues to expand.