#SpaceWatchGL Opinion: A review of the Space Insurance Market

The term “space insurance” often refers to first-party insurance that covers pre-launch, launch, initial operations in orbit, and longer lifetimes …
#SpaceWatchGL Opinion: A review of the Space Insurance Market

The term “space insurance” often refers to first-party insurance that covers pre-launch, launch, initial operations in orbit, and longer lifetimes in orbit. There are two main reasons why space firms buy insurance. The first is for “refund” purposes – it allows them to recover costs that led up to an accident, repay financiers, and exit a business entirely.

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