Industry Segments: Space Page 1 / 1
-
- July 29 2024
Space insurance struggles amid billion-dollar+ claims, scarce premium pool
While the market has seen a doubling of rates recently, shrinking underwriting capacity and technology changes add further challenges to the industry reeling from recent large losses.
-
- March 14 2024
Japan’s latest rocket launch loss unlikely to hit international markets
The space (re)insurance market that suffered a bruising 2023, with a heavy loss experience that ripped through its premium base, spared the claims from the failed experimental launch.
-
- August 22 2023
Mitsui Sumitomo pays out US$26m to ispace in lunar insurance claims
The Japanese space startup received the insurance payment on August 18 following the failure of its Hakuto-R Mission 1 lander mission in April this year.
-
- April 28 2023
Mitsui Sumitomo facing lunar loss after ispace mission failure
The Japanese carrier provided the world’s first 'lunar insurance' cover for the risks arising from the mission.
-
- March 24 2023
Japan H3 rocket failure losses trigger domestic aviation pool
With the launch costs estimated at around US$50m, the loss won’t spill over to international reinsurers.
Join the mailing list
Designed to help you stay ahead, our daily newsletter provides a round-up of the latest news and insights, delivered straight to your inbox.
Print Edition
Subscribe to receive our quarterly print magazine.