Our product provides cover for damage to or failure of the satellite or launch vehicle. The technical nature of the industry means we evaluate every risk with the assistance of one of the world’s leading satellite operators.
Brit is also a co-lead for LLIFT Space – the satellite market’s first purpose-built consortium for the insurance needs of the Smallsat sector.
LLIFT Space offers flexible coverage options for small satellites at pre-launch, launch and during their early operations in space. With an ability to write 100% of any small satellite risk, and new, clear, and simple policy wordings, the modular structure allows scalability and flexibility together with easy access through a variety of distribution channels.
This article published by Lloyd’s of London provides more details.
The traditional satellite market has a positive outlook. Our data-hungry society requires access to the internet at all times; irrespective of location, device or what we are trying to access. Each year we see a further explosion of the amount of data being transferred. Less than twenty years ago we were using modems and dialup connections that took ten minutes to download one still image. Today we expect seamless video streaming to a hand-held mobile device whilst travelling at 180mph on a train through a tunnel under the sea – and it’s happening.