Space insurance market

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Market requirements

Space

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.

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Touch Space Flight - Munich Re

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.

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        This publication is available exclusively to Munich Re clients. Please contact your Client Manager.