2026-09-17 · Source: Carrier Management
Summary in 3 Points • Quantum computing industry projected to grow from $1.45 billion in 2024 to $2.2 billion by 2027 • Data center construction spending reached $46.5 billion through Q1, up from $7.3 billion in 2025 • 58% of data center managers report difficulties filling open positions, impacting project timelines --- Emerging risks in the insurance sector are evolving rapidly, driven by advances in **quantum computing**, AI infrastructure, and treatment therapies. The quantum computing industry, though still in its nascent stages, is projected to grow significantly, with revenue expected to increase from $1.45 billion in 2024 to $2.2 billion by 2027. This growth presents potential property and casualty exposures, including risks associated with the transportation of high-value equipment and litigation risks tied to directors and officers in the supply chain. Meanwhile, the surge in hyperscale data centre construction, with spending reaching $46.5 billion through Q1 this year, highlights the increasing demand for infrastructure to support the AI economy. However, nearly half of these projects face delays or cancellations due to supply chain issues, permitting challenges, and public opposition. Additionally, the rise of peptides in pharmaceuticals and wellness products introduces liability concerns, especially with non-prescription peptides marketed through social media. For the **London Insurance Market**, the expansion of quantum computing and data centre infrastructure poses both opportunities and challenges. The **subscription market** at Lloyd's may see increased demand for coverage related to commercial inland marine risks and directors and officers liability as the quantum industry grows. Moreover, the construction and operational risks associated with data centres could impact property and liability lines, especially given the reported delays and skilled labour shortages. The development of post-quantum **algorithms** and the potential for a cryptographically relevant quantum computer could also influence **cybersecurity** insurance, as companies may face new liabilities related to encryption and data protection. **Underwriters** and **brokers** in the London Market should closely monitor these emerging risks to adjust their risk assessments and coverage offerings accordingly. The potential for systemic disruption from quantum breakthroughs necessitates a proactive approach to **cybersecurity** and liability coverage. Additionally, the challenges faced by data centre projects, such as skilled labour shortages and public opposition, require careful consideration of contractual and commercial dispute risks. As the landscape of emerging technologies continues to evolve, insurance professionals must remain vigilant and adaptable to effectively manage these complex exposures.