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Only 300 of 10,000 Satellites Insured: Space Insurance Crisis

3/16/2025

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Summary

Story summary

The Space Insurance Symposium in London revealed that only 300 out of 10,000 active satellites are insured.
Insurers face difficulties in assessing risks post-launch, affecting coverage for smaller operators.
The market experiences rising losses and limited capacity, with just $420 million available for policies.
Experts call for improved underwriting data and collaboration to foster innovation in the space industry.

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Story summary

The Space Insurance Symposium in London revealed that only 300 out of 10,000 active satellites are insured.
Insurers face difficulties in assessing risks post-launch, affecting coverage for smaller operators.
The market experiences rising losses and limited capacity, with just $420 million available for policies.
Experts call for improved underwriting data and collaboration to foster innovation in the space industry.