Airplane passengers crossing the Indian Ocean who peered out their windows on Oct. 19, 2024, might have seen what looked like a fast-moving star suddenly flash and fade. Above their heads, a $500 ...

The insurance companies operating in the Indian space industry are limited. It was only in 2024 that TATA AIG entered the market with its satellite in-orbit third-party liability insurance.

Space insurance is a specialised but vital market that underpins investment and innovation in the space sector and authorisation of space activities. As space activity accelerates, new and ...

Insurance issues relating to the space industry will take centre stage at an international conference to be held in Abu Dhabi in May, when experts from across the world will discuss market conditions ...

Insurers are returning to the space industry after retreating in the wake of harrowing losses just a few years ago. At least three firms have announced capacity for space risks in recent months: ...

Insurance firms and satellite operators still face challenges to keep both parties happy. Insurers and risk experts of the space market convened this week on the second day of the Space-Comm Expo in ...

Space insurance traces its roots to 1965, when Lloyd’s of London underwrote the first satellite policy for Intelsat I, known as “Early Bird.” Although the mission succeeded and no claim was filed, it ...

The first commercial communications satellite in geosynchronous orbit (GEO), Intelsat I, was launched in April 1965. Otherwise known as Early Bird, it was also the first insured satellite, with the ...