’Digital infrastructure has become one of the most important and capital-intensive asset classes in the global economy,’ says chief executive
Aon has expanded the capacity for its Data Centre Lifecycle Insurance Programme (DCLP) to $5bn (£3.72bn).
The broker has made the move as it looks to broaden the integrated risk propositions that support digital infrastructure assets.
It means the DCLP will now provide up to $5bn (£3.72bn) in construction all risks (CAR), delay in startup and property damage and business interruption coverage.
There will also be expanded liability, cyber and project cargo capabilities, including up to $200m (£149m) in third party liability outside the US, $100m (£74.5m) within the US, $400m (£298m) in cyber and technology errors and omissions, as well as $500m (£372.4m) in project cargo coverage.
Digital infrastructure key
Aon said the expansion comes as investment in artificial intelligence (AI), cloud computing and hyperscale data centers accelerates, increasing demand for insurance propositions capable for supporting larger, more complex and more capital intensive-projects through their lifecycle.
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“Digital infrastructure has become one of the most important and capital-intensive asset classes in the global economy,” said Joe Peiser, chief executive of risk capital at Aon.
“As clients build larger and more complex data centre portfolios, they need access to greater insurance capacity alongside solutions that strengthen resilience throughout the asset lifecycle.
”Expanding DCLP to $5bn (£3.72bn) demonstrates our ability to help clients access capital, manage risk and scale with confidence.”
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