End of an Era? Satellite Insurance Faces a Changing Landscape

The space insurance industry may be on the threshold of major changes. What are the key drivers and issues facing the satellite insurance market?

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Although space insurance has historically been integral to innovation, growth, and investment throughout the space enterprise, multiple indicators of future supply and demand point to a likely changed and potentially diminished role of insurers in the commercial space business in the long term. To remain viable in the changing space landscape, insurance companies must gradually adjust capacity to match demand for insurance to avoid sudden spikes in premiums, which could provide an incentive for satellite operators to self-insure.

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The Center for Space Policy and Strategy is dedicated to shaping the future by providing nonpartisan research and strategic analysis to decisionmakers. The CSPS is part of The Aerospace Corporation, a nonprofit organization that advises the government on complex space enterprise and systems engineering problems.

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