Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
UK government mulls satellite liability cap
- 20 March 2018
The UK Space Agency is considering a change to the calculation of third-party liability requirements for satellites that would boost the space insurance industry, The Insurance Insider can reveal.
Sources speaking to this publication said the government agency was consulting on a new "fleet-based" assessment of third-party liability cover that would replace current per-vehicle requirements.
Proposed changes represent a watershed moment for space underwriters because changes in technology have made the cost of launch and orbit insurance unsustainable for some...
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