Most satellites are one-offs, designed specially to meet each
operator’s highly specific requirements and
frequently never been in use before. Insurance of satellites
requires the will and determination to find the most apt insurance
solutions for complex and hitherto untried technologies. It is
exactly this combination that our clients appreciate. Therefore, it
is hardly surprising that, with a 15–20%
share of global premium volume, Munich Re is the acknowledged
market leader in space insurance.
Even before the launch, these highly sensitive satellites are at
risk of damage – during production,
transport or assembly. Once the satellite is in orbit, it is too
late to carry out any repairs. Any damage that occurs in orbit can
have a devastating effect. Even minor damage can lead to a total
loss and to the failure of the entire project.
Munich Re Touch
Touch Space Flight
Once the satellite is in orbit, it is too late to carry out any repairs. Get to know the key aspects of space insurance.