The ‘final frontier’ presents new threats – necessitating new risk strategies
The market for insuring satellites in orbit has evolved significantly over the years, but space remains a uniquely challenging environment for these operations. Satellites must endure extreme conditions, from intense solar radiation and vacuum exposure to temperature fluctuations ranging from minus 150°C to plus 200°C.
Despite careful engineering and testing, failures can still occur, highlighting the importance of space insurance as a critical risk mitigation