×Boda Group
Encubay × Boda Group · New York
29 September 2026 · 7 PM onwards · West Chelsea, New York
The AI Risk Gap
Who carries the risk of the AI economy?
A private conversation on AI, infrastructure, capital and the evolving role of insurance.
Request an InvitationThe Shift
AI is no longer just a technology story.
It is becoming a story about infrastructure, capital, energy, physical assets and risk.
Across the world, billions are being committed to the data centres, compute infrastructure and power systems required to support the next generation of AI. But as the scale of these investments grows, so does a new and less understood question:
Who carries the risk when the infrastructure powering AI doesn't perform as expected?
A fire. A power disruption. A cooling failure. A delayed construction milestone. An obsolete GPU fleet. A disrupted supply chain.
Each can move beyond a physical loss to become a financing, contractual, operational or performance risk. And traditional insurance models are being tested by that complexity.
Why this conversation, now?
The AI infrastructure build-out is happening at a pace that is challenging conventional approaches to risk. For the largest data-centre projects, the question is increasingly not simply how much insurance costs — but whether sufficient capacity exists at all.
At the same time, lenders and investors are confronting a different problem: the economic life of the technology inside these assets can be far shorter than the financing horizon.
This creates a new risk equation
- Long-duration capital.
- Shorter-duration technology.
- Increasing physical concentration.
- And limited insurance capacity.
The result is an emerging gap between the risks being created by the AI economy and the mechanisms available to transfer them. That gap is where the next generation of insurance thinking begins.
Why insurance matters to the AI story
Insurance becomes part of the infrastructure of capital itself.
Insurance has traditionally been viewed as protection that sits around an investment. But AI infrastructure is challenging that model.
When insurance capacity can influence the bankability of a multibillion-dollar project, when downtime can create losses without conventional physical damage, and when technology can depreciate faster than the underlying asset, insurance becomes more than a safety net.
New approaches are beginning to emerge — from parametric downtime protection and technology performance guarantees to residual-value protection for high-value compute equipment.
What should be insurable in an AI economy — and what shouldn't be?
Why Boda Group?
Understanding the risk beneath the infrastructure.
The risks surrounding AI infrastructure span the entire lifecycle of an asset — from construction and commissioning to operations, financing, technology performance and eventual obsolescence.
Empowering Risk, Enabling Growth.
1943
Founded — over eight decades of broking heritage
27
Pan-India offices
11
Global offices
95+
Countries served
1,000+
People — brokers, risk managers, valuers & surveyors
525+
Global insurer & reinsurer relationships
Founded in 1943, the J.B.Boda Group is India's oldest and leading broker — the first Indian multinational in re/insurance broking — renowned for its ethical way of doing business and client-centric approach. The Group has expanded globally and across emerging markets through its companies: J. B. Boda & Co. Pvt. Ltd., J.B.Boda Insurance & Reinsurance Brokers Pvt. Ltd., Crowe Boda & Co. Pvt. Ltd., and J.B.Boda Insurance Surveyors & Loss Assessors Pvt. Ltd.
Insurance Broking (Life & Non-Life)
Reinsurance Broking (Life & Non-Life)
Loss Surveys, Preshipment Inspection & Superintendence
Protection & Indemnity
Facilitating Actuarial Services
Employee Wellness Program
Training & Seminars
Asset Valuation
Risk Management
With industry expertise spanning aviation, automobile, oil & energy, BFSI & IT/ITES, manufacturing, pharma & chemicals, shipping, ports & terminals, and engineering & construction, the Group brings together specialist knowledge across these interconnected areas:
Property & Engineering
Construction, physical assets, machinery and business interruption.
Marine & Cargo
The movement and protection of high-value infrastructure and equipment.
Financial Lines & Casualty
Liability, professional risk, cyber and technology exposures.
Political Violence & Terrorism
Protection against complex geopolitical and security risks.
Trade Credit & Political Risk
Counterparty, financing and cross-border exposures.
Lender's Insurance Advisory
Helping align insurance structures with the requirements of capital providers.
Risk Inspection & Asset Valuation
Technical assessment of the assets and risks being underwritten.
Claims Consultancy
Supporting clients when complex, high-severity losses occur.
It is to help connect the physical, financial and technological risks of the AI economy into one view.
Leadership
Gautam Boda
Vice Chairman & Managing Director
The visionary steering J.B. Boda Group into its next era. Gautam Boda began his career at the grassroots of the business — learning underwriting, claims, client servicing and reinsurance negotiations hands-on — before rising to lead the group’s global operations across insurance broking, reinsurance broking, risk consulting and maritime services.
Under his leadership, the group has modernised its processes, expanded its international footprint and repositioned itself as a technology-enabled, globally competitive advisory firm. He has served for over 13 years as a Board Director and Asia-Pacific Regional Chair at Assurex Global, the world’s largest independent insurance broker network, and played a pivotal role in bringing RIMS to India.
His global engagement includes a landmark strategic alliance with PARIMA signed in December 2023, board-level dialogue with the International Benefits Network, and representation of India’s insurance sector through CII’s National Committee on Insurance & Pensions.
Why Encubay?
Bringing the right people into the room.
The most important conversations about AI risk cannot happen within one industry. They require perspectives from technology, infrastructure, finance, investment and insurance.
Encubay creates the platform for those conversations — bringing together senior leaders, entrepreneurs, investors and decision-makers to explore the forces reshaping business and capital.
As AI becomes critical infrastructure, are our models of risk keeping up?
The Conversation
Not whether AI will transform the world. What happens underneath the transformation.
01
From buildings to critical infrastructure
When a data centre becomes essential to an entire digital ecosystem, should we still think of it simply as property?
02
From pricing risk to finding capacity
What happens when the size of an AI infrastructure project exceeds the capacity of traditional insurance markets?
03
From physical damage to performance risk
How do we protect against losses when an asset fails to perform, even when nothing is physically damaged?
04
From asset value to technology obsolescence
What happens when the most valuable component of an infrastructure asset can become obsolete faster than its financing matures?
05
From insurance as protection to insurance as an enabler
Could insurance become one of the factors determining whether the next generation of AI infrastructure can be financed and built?
The question we leave with
The AI economy is being built today. The risk architecture around it is still being designed. Who will define it?
A private fireside conversation
AI Risk Gap: Who Carries the Risk of the AI Economy?
Encubay × Boda Group · New York
29 September 2026 · 7 PM onwards
West Chelsea, New York
An invitation-only conversation for leaders across technology, infrastructure, investment, finance and insurance.
Request an Invitation