Space insurers creating policies that assess collision risk even as they face their worst year ever for losses

by Peter B. de Selding

LA PLATA, Maryland — Space insurers have begun crafting policies that set premiums that incorporate the risk of collision in specific orbits and investigating how to incentivize satellite operators to pay to actively remove their dead satellites from crowded orbits.

The moves come as the commercial space market has turned away from insuring its assets with the move to low-orbit constellations that allow operators to self insure by launching more satellites than they need.

The trend, which began around 2013 and shows no sign of abating, has resulted in a drop of some 50% in annual premium income for space . . .

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