Space insurance underwriter sees a turnaround in premiums starting this year

by Peter B. de Selding

PARIS — The decline of the geostationary-orbit telecommunications satellite market, the decision by some GEO-fleet operators to limit or even forgo in-orbit insurance and the rise of satellite constellations whose owners can self-insure: The space insurance market has in general not shared the dynamism of the wider commercial space industry in recent years.

The industry has not been losing money, but annual premium volume has slumped and averaged around $500 million since 2018.

A turnaround may be coming. Lots of factors have come together to push . . .

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