Zurich Insurance Group AG is watching the global data center buildout and seeing something beyond construction hard hats and server racks. It sees a wall of risk big enough that traditional insurance balance sheets might not be able to hold it all.
The numbers driving the conversation
Zurich’s Q1 2026 results, released May 13, paint a clear picture of how much data center demand is already reshaping its business. The company’s property and casualty segment posted $1.22B in gross written premiums, an 8% jump year-over-year.
The US construction business was the standout, surging 21% thanks largely to data center projects. During 2025 alone, Zurich underwrote more than 245 data center construction projects in the US.
Swiss Re estimates that global insurance premiums tied to data centers will reach $24.2B by 2030, up from $10.6B. That’s more than doubling in roughly four years. When a risk pool grows that fast, the insurance industry starts looking for new ways to spread exposure.
