Space Insurance and Risk Management
Learn how your organization can benefit from space insurance and risk management.
Global Space Practice Overview
Aon’s global space practice is a leading provider of insurance and risk management solutions for satellite operators, launch service providers, satellite manufacturers, financial institutions and agencies, government agencies, law firms and telecommunication companies. We leverage deep industry knowledge — across insurance, satellite engineering, contracts and export control regulations — and our global network to provide clients with the tools to make better decisions around protecting their people and projects.
At a high level, our risk capabilities for space clients include physical damage, business interruption/loss of revenue, manufacturer incentives and warranties, third-party and contractual liabilities, and system performance guarantees.
By the Numbers
When you partner with Aon, you’ll gain access to scale and insights spanning an entire industry.
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$8.5B
Our practice placed $8.5 billion in launch policies since July 2016.
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$5.5B
Over the past 20 years, we had $5.5 billion in cumulative claims.
Comprehensive Insurance Coverage for Space Clients
We use placement volume, broking experience and Aon’s global network to provide global space clients with industry-leading terms and conditions across a wide range of insurance coverage areas, including:
- Manufacturing, assembly, integration and testing (MAIT)
- Pre-launch: all risks property and transit
- Launch vehicle flight only
- Launch and in-orbit insurance
- Stand-alone satellite in-orbit insurance
- Third-party liability insurance (launch and in-orbit operations)
- Service interruption and loss of revenue
- Transponder asset insurance
- Space products liability
- Astronaut/cosmonaut personal accident
- Spaceflight participant mission success
- Facultative reinsurance
- Risk management consulting for banks, export credit agencies and others
In all cases, our objective is to lower your total cost of risk and enhance your risk management strategies in alignment with growth and profitability goals.
Who We Partner With
Our practice provides comprehensive insurance and risk management services across the world’s leading space and satellite companies.
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478
Total years of space industry and insurance experience.
