Aon Launches $2.5B Insurance Program for Gas-Powered Digital…

Event summary

Aon launched the Power Lifecycle Program (PLP) on September 28, 2026, offering up to $2.5 billion in coverage for conventional gas power projects.
PLP provides integrated insurance from construction through operations, addressing risks across project lifecycles.
The program targets power infrastructure developers, private equity firms, and data center operators.
PLP complements Aon's existing Data Center Lifecycle Insurance Program, which expanded to $5 billion in capacity in July 2026.

The big picture

Aon's Power Lifecycle Program reflects the growing intersection of energy and digital infrastructure, as data centers and AI demand reliable power generation. The program's lifecycle approach aims to streamline risk management for large-scale power projects, addressing gaps in traditional insurance arrangements. With up to $2.5 billion in coverage, PLP positions Aon to capitalize on the increasing investment in conventional power assets supporting digital growth.

What we're watching

Market Demand: How the rapid expansion of data centers will drive adoption of PLP among power infrastructure developers.
Competitive Positioning: Whether Aon can sustain its lead in lifecycle insurance solutions for digital infrastructure.
Regulatory Risks: The pace at which climate and cyber risk regulations may impact the underwriting of gas power projects.