Aon plc, a leading global professional services firm, on 28 September 2026 announced the launch of its Power Lifecycle Program (PLP), a new integrated insurance solution designed to support conventional gas power projects from construction through testing, commissioning and into operations.
Reliable power generation is becoming increasingly important as demand for digital infrastructure, cloud computing and artificial intelligence accelerates. PLP is designed to help organizations investing at scale in power generation – whether behind the meter for dedicated digital infrastructure or in front of the meter to serve broader grid demand – address the growing risks associated with power assets required to meet rising energy needs.
“As investment in energy infrastructure continues to grow, organizations require risk solutions that evolve alongside increasingly complex power assets,” said Joe Peiser, CEO of Risk Capital, Aon. “Our Power Lifecycle Program provides a coordinated insurance solution from construction, testing and commissioning through to operation. By bringing multiple coverages together within a single lifecycle framework, Aon’s Power Lifecycle Program helps clients take a more holistic approach to managing project, operational and infrastructure risk.”
A Lifecycle Approach to Power Risk
Developing a conventional power project involves managing interconnected risks across construction, testing, commissioning and early operations – and a loss or interruption at any stage can affect schedules, financing commitments and anticipated revenue – particularly when insurance is arranged separately at each stage. PLP’s lifecycle model moves insurance from a series of disconnected placements to a single coordinated risk-transfer strategy that supports a project from site selection and construction through commissioning and ongoing operations. The result is generally better continuity of cover, reduced coverage gaps, improved capital efficiency, and greater confidence for developers, owners, lenders and investors.
Key features of PLP generally include:
- Up to USD 2.5 billion in Erection All Risks and Delay in Startup coverage per project, for the construction, testing and commissioning periods
- Up to USD 2.5 billion in Operational Property Damage and Business Interruption coverage per project, for the immediate operational period
- Up to USD 100 million of Construction and Operational Third-Party Liability (excluding U.S. Projects)
- Clients can opt for a tailored risk advisory assessment of the risk to projects from natural catastrophe, climate, cyber, casualty, supply chain and business interruption risks, delivering enterprise resilience from site selection through to portfolio scale. Risk Engineering and Casualty consulting available.
The program is underpinned by a lead panel of London-based carriers, combining power-sector expertise with meaningful capacity for global clients. Beyond the lead panel, the balance of capacity is predominantly London-based, complemented by significant participation from key local and global markets, providing the breadth, resilience and reach required to support projects worldwide.
PLP is available to power infrastructure developers, private equity firms funding power project developments, contractors controlling construction cover and power infrastructure owners for both grid-connected standalone conventional gas power projects and dedicated projects supporting data centers.
The launch comes as the rapid expansion of data centers drives significant investment in conventional power generation capacity and builds on Aon’s established position supporting digital infrastructure clients through the Data Center Lifecycle Insurance Program that expanded to USD 5 billion in capacity in July 2026. Together, the two programs reflect Aon’s lifecycle approach to helping clients build, operate and scale critical infrastructure with greater confidence.
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