When you write residual-value, business-interruption or performance cover on GPU and data-centre assets, you are underwriting a depreciation curve and a delivery schedule you do not control. We price what that curve is worth today, and what changes it.
A policy underwritten once at binding is a snapshot. We keep the determination current against the supply and customer contracts the asset actually depends on.
Before binding a residual-value or performance policy, get the exposure priced against the underlying supply and customer contracts, not just the asset schedule.
Read the policy's exposure against the insured's own supply, lease and customer contracts as they stand today.
A generation reset, a delivery slip or a customer's credit position shifts, and the insured exposure re-rates automatically.
The insured asset's value depends on contracts the insurer doesn't usually see at binding, and rarely re-checks after.
The next generation lands and collateral value moves. The residual-value curve needs to be priced, not assumed.
A new accelerator or software stack can make the insured infrastructure uncompetitive before the end of its assumed life.
The revenue behind the insured asset can concentrate in one or two customers without the policy ever being repriced.