Space insurers book 3rd straight money-losing year. Market volatility may mean 100% premium hike in 2019 is not enough

by Peter B. de Selding

LANRELAS, France — Space insurers recorded their third straight money-losing year in 2020 with the combination of a low number of insured launches to geostationary orbit and the lingering effect of low insurance premiums.

While several insurance underwriters have left the space market or reduced their exposure to it, those that remain said a large rate increase in late 2019 and early 2020 is holding firm, raising the likelihood of a return to profitability.

Space insurance has been a good business over the past 20 years, only six of . . .

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