4 ms·

I'd love to hear about the insurance underwriter. How do you assess the risk?

• jakarta 16y ago
  a short interview with Lloyds of London's space underwriter: http://www.lloyds.com/News_Centre/Features_from_Lloyds/News_and_features_2009/Market_news/60_seconds_with_David_Wade.htm http://www.lloyds.com/News_Centre/Features_from_Lloyds/News_... Q: What special skills does a space underwriter need? A: With only 150 satellites in orbit and perhaps 25 satellites being launched per year, statistics are less meaningful than most other classes. Instead we have to use experience and engineering judgement to assess the risks. Most space underwriters have some level of engineering support. At ASIC, the London-based underwriting team is supported by a Canada-based engineering team, with almost 60 years of satellite industry experience between them. Having good engineering support however is only of use if the underwriter can translate the engineering risk assessment into a suitable coverage design, and a thorough detailed bespoke policy wording with no ambiguities.
  • jonknee 16y ago
    Only 150 satellites in orbit? The US military alone nearly has that many. http://www.ucsusa.org/nuclear_weapons_and_global_security/space_weapons/technical_issues/ucs-satellite-database.html http://www.ucsusa.org/nuclear_weapons_and_global_security/sp...
    • mrduncan 16y ago
      He was probably referring to the number of Lloyds insured satellites in orbit.
      • roedog 16y ago
        And the US gov't does not insure its stuff.