3 ms·

I don't think government buys launch insurance and if they do, they shouldn't.

• jessriedel 11y ago
  Even if an entity is large enough to self-insure, it can make sense to buy insurance if you don't have the internal capacity to estimate the risk accurately. Yes, it might be better to simply hire the risk assessors from the insurance company, but there might be incentive issues. It can also help for external transparency: If the project fails and is self-insured, then people can question whether the risk assessment was correct.