Cost and Insurance Aspects
Numerous insurance companies provide capacity for the
ground aspects of space risks (during Assembly, integration and test
phases). A smaller number of companies provide capacity during the
transport (to and from launch site) and launch campaign phases.
For the phases that follow the intentional ignition of a launch vehicle,
the market is composed of roughly 12 leading insurers (i.e. insurers
able to study a risk and provide a quotation for it) worldwide, and
roughly 30 "followers" (insurers that will provide capacity
behind a leader). |
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Some of the main leaders in Europe are: GENERALI (Italy), AGF ( France),
MARHAM (Lloyds - UK), ......
Due to the fact that
- on a given risk, you will never find
a single insurer but a co- insurance, and
- given the complexity
of the insurance policies to set up,
the Insureds always study and
purchase their space insurance through specialised insurance brokers:
(e.g. J&H Marsh&McLennan : 60% of the market, International Space
Brokers, AON Space, Willis Coroon).
Capacity per event is defined as the maximum amount of insurance that
an insurer is theoretically able to provide on a given event (launch or
in orbit life of one satellite)
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