Marsh, an insurance broker and risk advisor under Marsh McLennan, has introduced its Data Center Insurance and Risk Management Services.

The service is designed for data center operators and related industries such as construction, real estate and technology. It provides insurance and risk management solutions across all phases of data center development and operation.

The announcement comes amid growing demand for data storage and processing capacity. The global value of the data center market is projected to reach $792 billion by 2032, up from $328 billion in 2023.

In the US, increased reliance on cloud services, artificial intelligence and digital transformation across industries is contributing to expansion in key markets. Areas such as Northern Virginia, Dallas and Silicon Valley continue to attract large-scale development as enterprises and technology firms scale their infrastructure.

This growth has brought greater exposure to a range of risks, including cyber threats, natural hazards, equipment failure and supply chain disruptions. Data center operators are increasingly seeking support to manage both operational and emerging risks that could affect business continuity and long-term planning.

Marsh’s new service includes a portfolio of insurance products tailored to data center needs. These cover standard property damage, business interruption, construction risks, and physical cyber events. In addition to insurance coverage, Marsh offers risk assessment services to help clients evaluate vulnerabilities and implement measures aimed at reducing potential losses.

“As demand for hyperscale data centers and scalable infrastructure continues to grow – especially with the rise of data-intensive technologies like AI – Marsh is uniquely positioned to support clients with the risk and insurance solutions and guidance needed at every stage,” said Sam Tiltman, UK technology growth leader at Marsh. “By leveraging our deep industry expertise and global resources, we empower data center developers, operators and owners to protect their investments and enhance their resilience against emerging threats.”