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07 / Space Technologies

Risk planning for every stage of your mission.

From satellite manufacturing and launch services to operations in orbit and ground systems, exposures change at every milestone. We help translate mission requirements, asset values, and contractual responsibilities into an insurance strategy built around your role in the space economy.

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01 / THE INDUSTRY IN CONTEXT

Global commercial satellite industry revenue in 2025.
$303B
[1]SIA, 2026 industry report (opens in a new tab)
Operational satellites in Earth orbit at the end of 2025.
14,266
[2]SIA, 2026 industry report (opens in a new tab)
Estimated debris objects larger than 1 cm and up to 10 cm in Earth orbit; ESA model with an August 2024 baseline.
1.2M
[3]ESA statistics, July 2026 update (opens in a new tab)

Figures describe industry scale, investment, or exposure. Dollar figures in USD.

02 / THE INSURANCE PERSPECTIVE

Coverage needs to connect across mission milestones.

Mission risk changes as a spacecraft moves through manufacturing, transport, launch, and operations in orbit. Contracts, acceptance criteria, and handoffs determine which exposures your business carries at each stage. We examine insured values, coverage periods, and definitions of partial failure alongside those milestones, then consider the potential effect on future revenue. The aim is to connect the insurance program across the mission and make the retained financial exposures clear.

Background reading

03 / FLAGSHIP USE CASE

Illustrative scenario

Launching an Earth-observation constellation

A satellite operator is preparing the first spacecraft in an Earth-observation constellation for launch. The business coordinates manufacturing acceptance, transport, launch integration, ground stations, and initial operations in orbit. Customer delivery dates depend on successful commissioning and usable imagery, while contracts assign responsibility at different mission stages.

Insurance priorities

  1. Mission stage handoffs

    Map title, custody, and contractual risk transfers from the manufacturer through launch integration and commissioning, reviewing coverage periods against each acceptance milestone.

  2. Values and partial failure

    Review spacecraft values and failure definitions against mission requirements, including reduced capability, replacement strategy, and the financial consequences of losing individual satellites.

  3. Service delivery dependencies

    Assess ground systems, data processing, and customer commitments alongside spacecraft exposures, distinguishing physical asset loss from delayed imagery revenue and contractual obligations.

The objective

Build a mission-based insurance plan that connects asset protection, contract responsibilities, and service delivery assumptions before spacecraft leave the factory and enter operation.

THE NEXT MOVE

Plan the insurance around the mission.

Share your technology, development stage, and next milestone. We’ll help identify the coverage questions to address before your business advances.

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