Space insurers: Lower premiums, rate declines and new launchers means market’s heading into danger zone again

by Peter B. de Selding

LONDON — Space insurance underwriters said current rates couple with the low premium volume are putting the industry at risk of a repeat of 2019, when in-orbit rates doubled in the face of losses — especially the $400-million-plus claim from a failed Vega rocket launch of a UAE reconnaissance satellite.

This time, they said, the reaction might be even sharper in the event of a large loss because of the change in commercial satellite market in the past several years.

Low-Earth-orbit satellites now account for most . . .

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