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Week in Space Data, every Friday.

Space Insurance & Risk Assessment

Space insurance market history, notable losses and the launch record underwriters weigh

$580.0M

2024 Gross Premiums

$210.8M

2024 Claims

36.3%

2024 Loss Ratio

4

Years With Sourced Data

📊

2024 Market Summary

Latest year with published figures Source

Gross Premiums$580.0M

Claims$210.8M

Loss Ratio36.3%

Largest Claim$114.0M

📈 Annual Market History

2024

Source

36.3%Loss Ratio

Premiums

$580.0M

Claims

$210.8M

Largest Claim: $114.0M

2023

Source

178.6%Loss Ratio

Premiums

$557.0M

Claims

$995.0M

2022

Source

50.8%Loss Ratio

Premiums

$579.0M

Claims

$294.0M

Largest Claim: $210.0M

2021

Source

72.0%Loss Ratio

Premiums

$500.0M

Claims

$360.0M

Largest Claim: $225.0M

Active Risk Factors

🛰️ Debris Monitor

Orbital debris increases collision risk and claims

☀️ Solar Activity

Solar storms affect satellite operations

📋 Compliance

Liability regulations and requirements

Market Trend Insights

Premiums

Gross premiums went from $500.0M in 2021 to $580.0M in 2024, a 16.0% increase.

Loss Experience

2023 was the worst year shown: claims were 178.6% of premiums. 2024 came in at 36.3%.