Abstract
With the growth of commercial activities in outer space, insurers have found an emerging new market. Insurance policy for space satellites has been built chiefly in France and the USA and underwent various crises in the 1980s and 1990s. While the main risks have been more or less identified, their occurrence has shifted from the launch phase to the orbital period over the past few years. At the same time, the duration of insurance policies has been extended up to five years in certain cases, with an adverse effect on profits. The dual-use nature of most spacecraft also makes it difficult to obtain data necessary for the precise identification of risk. An analysis of the space insurance market and its contractual regime is presented, with the aim of identifying emerging trends, and the means by which insurers can develop this still immature sector without compromising their profits.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
