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Space Insurance

Space Insurance

Infrastructure support industries include activities that do not directly involve development or use of space assets, but are necessary to the smooth operation and advancement of the industry. This category includes space insurance and privately funded research and development. Space premiums in 2015 amounted to $## million, their lowest level since 2001. Seven events, including both launch failures and incidents involving satellites in orbit, led to market losses of $## million, resulting in $## million in profits. This is a significant decrease from the $## million in profits in 2014, but an increase from the $## million in losses in 2013.


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Year: 2015
Country: Russia, United States
Infrastructure support industries include activities that do not directly involve development or use of space assets, but are necessary to the smooth operation and advancement of the industry. This category includes space insurance and privately funded research and development. Space premiums in...
Year: 2014
Country: Russia, United States
Infrastructure support industries include services such as space insurance and space-related research and development. The global space insurance industry saw continued profitability in 2014, although not to the same extent as in recent years. Space insurance premiums at the end of 2014 were...
Year: 2013
Infrastructure support industries include services such as space insurance and space-related research and development funded by private organizations. The global space insurance industry saw continued profitability in 2013. Aon ISB, a risk management and insurance brokerage firm, estimated that...
Year: 2012
XL Insurance, an insurance brokerage, reported that space insurance premiums in 2012 totaled approximately $## million, compared to approximately $## million paid out in claims. This is comparable to Aon/ISB’s estimates of approximately $## million collected in premiums and $## million paid out...
Year: 2011
The satellite insurance industry saw profits decline in 2011 but the industry was still profitable, continuing a decade of strong performance. Aon/ ISB, an insurance brokerage, reported that the space insurance industry in 2011 collected premiums totaling approximately $## million while spending...
Year: 2010
The satellite insurance industry saw profits improve in 2010. Aon/ISB, an insurance brokerage, reported that 2010 premiums totaled approximately $## million and claims amounted to $## million. XL Insurance, a space industry specialist, estimates that 2010 premiums totaled $## million, while...
Year: 2009
Country: United States
The satellite insurance industry saw profits decline in 2009 compared to 2008. XL Insurance, a space industry specialist, estimates that 2009 premiums totaled $## million, while 2009 insurance claims totaled $## million. Aon/ISB, an insurance brokerage, reported that 2009 premiums totaled...
Year: 2008
The satellite insurance industry had a positive year in 2008 due to successful launch experience. Launch insurance prices increased for 2009, bringing rates from the ##-##% range back up to the ##-##% levels seen in the earlier part of the decade. According to XL Insurance, a space industry...
Year: 2007
Country: Russia, United States
Revenue from space insurance premiums is estimated to be lower in 2007 than in 2006. This is partially due to the loss of the NSS-8 satellite from the January explosion of Sea Launch’s Zenit-3SL. Several insured launches were postponed as a result. Pagnanelli Risk Solutions, an insurance...
Year: 2005
The revenue for space insurance in 2005 was $## million.

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