Abstract The space insurance industry has suffered serious financual setbacks in recent years. These setbacks, amounting to a net cash outflow of hundreds of millions of dollars, have resulted in substantial increases in insurance rates and the withdrawal of a number of firms from the launch insurance market. After two decades of commerial space activity a number of questions may be raised: What has been learned from the experience to date? What are the causes of the poor performance of the space insurance industry? What can be done to improve performance? What are the likely prospects of the insurance industry and the likely impacts on the communications satellite industry? In order to answer these questions several examples are considered and analytic approaches discussed. The implications of mission modes, failure/recovery paths and multiple correlated payloads are considered, and analytic approaches based upon computer simulation techniques are described which are required to understand the complex insurance environment and the setting of policies and rate structures.


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    Title :

    Space insurance


    Subtitle :

    Comments from an observer


    Contributors:

    Published in:

    Space Policy ; 2 , 4 ; 307-321


    Publication date :

    1986-01-01


    Size :

    15 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English