Captives become the test lab for AI-powered insurance

Marsh expects explosive growth in captives set up to carry data center risk, with S&P noting one Meta facility exceeds what can be fully insured. Over 6,000 captives now write roughly $240 billion in premiums, up nearly a fifth in two years, making their simplified structure a clean test bed for AI-driven underwriting and actuarial work.

• Over 6,000 captives worldwide write about $240 billion in premiums
• Captive count is up nearly 20% over the past two years
• Marsh expects rapid growth in captives covering data center risk
• Huscarl is building an AI actuary for corporate captives