AI-native Corgi Insurance has launched a new insurance coverage built to support data centres, protecting construction and commissioning through ongoing operations and the hardware that powers computing workloads.
The coverage aims to cover the full life cycle of a data centre, as they become an increasingly critical part of the infrastructure powering AI, cloud computing, and modern businesses.
Corgi said the coverage will protect critical property and infrastructure, including power, cooling, and UPS systems, once a data centre is operational, and provide business income coverage when a covered loss takes a facility offline.
The product also addresses one of the most significant assets inside modern data centres: GPUs.
The insurer is introducing residual value protection designed to help protect GPU hardware as a financeable asset, providing coverage for the equipment supporting AI and high-performance computing workloads.
The program is designed for colocation operators, GPU cloud and AI compute hosts, enterprise and edge data centres, and the developers building these facilities, explained Corgi.
The insurer stated that this move was driven by the increasing demand for computing capacity as data centre developers and operators navigate increasingly complex risks across construction, power, cooling, equipment, business interruption, and the rapidly evolving hardware inside these facilities.
Corgi’s insurance programme aims to be a one-stop shop for data centre operators, rather than them trying to piece together coverage across multiple policies and carriers.
Nico Laqua, Co-founder, Corgi, commented, “Data centers are becoming some of the most important infrastructure in the world, but the insurance around them hasn’t evolved at the same pace. We’re building insurance around the entire data center, from the moment construction starts to the hardware running inside it.”
In related news, Corgi also launched Corgi Re, its reinsurance platform designed to bring underwriting technology, speed, and operational efficiency to the reinsurance market, and an admitted insurance carrier, in the last couple of months.
