Canada's data center boom is straining conventional underwriting

Canada's rapid data center boom driven by AI is overwhelming traditional insurance underwriting due to the massive scale and complexity of projects, with construction costs exceeding $20 billion and risks spanning property, cyber, and business interruption lines. Public resistance over environmental impacts and scarce loss history in newer regions like Alberta complicate risk pricing, while insurers adopt subscription-style policies to spread risk.

This Wire brief sits within Fusion42's coverage of Cloud Infrastructure.