📋

Space Insurance

Tier 2 · $4.4B (2025) · +4.5% CAGR

Space insurance provides financial protection for the high-value assets launched and operated in space. The sector covers pre-launch, launch, in-orbit, and third-party liability risks. Premiums are driven by launch success rates, satellite reliability, and the growing value of on-orbit assets. The market has become more competitive as launch reliability has improved, but mega-constellation risks present new underwriting challenges.

Market Size

$4.4B (2025)

Growth Rate

+4.5% CAGR

Key Metric

$40B+ in insured satellite assets on orbit

Companies in This Sector

5 tracked

Market Leaders

AIGMajor space insurance underwriter covering launch and in-orbit risks

Allianz (AGCS)Global space insurance with launch and satellite fleet coverage

Munich ReLeading reinsurer for space risks with decades of sector expertise

Lloyd's of London syndicatesSpecialist syndicates (Atrium, Hiscox, Brit) providing space risk capacity

Challengers

Assure Space (Amtrust)Dedicated space insurance MGA covering launch and in-orbit

Key Trends

→Improving launch reliability driving premium rates below 5% of insured value
→Mega-constellation operators self-insuring rather than purchasing per-satellite coverage
→Orbital debris and collision risk becoming a key underwriting factor
→Parametric insurance products emerging for satellite service interruption