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Securing your asset in space to strengthen your commercial impact on Earth Defining coverages for your space programs throughout their journey on earth and in space
Our Space insurance division provides risk management consultancy and insurance broking services for space stakeholders, private companies, national agencies, and institutions.
In today’s thriving New Space economy, we empower our clients to understand their space risks, define tailored risk management strategies, and secure their growth ultimately strengthening their commercial impact on Earth.
Our space division belongs to a long-standing independent European insurance broker, with deep knowledge of highly technical risks in harsh environment. Our disruptive mindset and agile organisation enable us to design insurance solutions addressing the unique needs of our clients.
Our deep experience in space insurance, combined with an efficient and responsive process, allows us to swiftly address your specific requirements. Our expertise covers the full programme lifecycle, including
- Space Third Party Liability meeting applicable government requirements
- Transit and Pre-Launch Insurance covering physical damage to your asset prior to launch
- Launch Delay Insurance covering financial losses arising from pre-launch delays
- Launch and In-Orbit Insurance covering your asset from launch through to in-orbit operations, including renewal coverage
Beyond space-specific products, we also structure and place non-space insurance solutions tailored to the unique needs of space companies, whether early-stage startups or established, publicly listed organisations.
We are passionate about engaging with the space community and committed to sharing best risk management practices with new space companies. Reach out to one of our specialists to discuss how we can support your space project.
Departing into unchartered waters and exploring new horizons is the Hanseatic way. This curiositiy has driven us, too – it even brought us into space. We are one of only a handful of providers who offer coverages for the construction and transport of satellites. For example, we assist a key global player whose projects range from individual customised solutions to complex series of more than 30 satellites. We are there from the start, when the blueprints are drawn and the configuration are determined. We organise the coverage for all the suppliers involved, and we procure the necessary builders' all-risks insurance. We also assist with the detailed cold, vibration and zero-gravity tests done, for example, at the European Space Research and Technology Centre (ESTEC) in Noordwijk.
And when the satellites are installed in the launch vehicle (e.g. at the European Kourou Space Centre in French Guiana), we have already dound the appropriate escorts and transport insurances. The countdown starts, and everyone's fingers are crossed!
In such a highly specialised market where even seemingly small mistakes can cause millions of euros of damage, you need a profound understanding of the matter at hand to be able to identify risks and clearly present them to insurance companies. Thanks to the trust that our clients invest in us, we have been able to develop a level of expertise in this subject that is unique on the market. The orbit is waiting!