Space Insurance

With a dedicated space team in Paris, an industry-leading financial rating and one of the largest capacities in the industry, Allianz Global Corporate & Specialty (AGCS) is the space insurer of choice.
Product description
Space and satellite insurance has evolved from simple launch coverage to a complex discipline combining contract analysis and advice, risk evaluation, alternative risk transfer concepts, insurance program design and implementation, and claims negotiation. 

Our Paris-based Space team provide comprehensive space insurance and satellite insurance, for all aspects of space missions, covering assembly, integration and test (AIT) risk, pre-launch risk, facility damage, in-orbit life insurance, third party liability and more. We have experience in working with clients on a wide range of projects, from geostationary commercial platforms to low earth orbit observation, navigation and remote sensing.

Risks covered
  • assembly, integration and test (AIT) coverage during the manufacturing and testing phase
  • pre-launch coverage during transport to the launch pad, at the launch pad, before launch, or in storage, as well as contingent exposures
  • production facility / launch pad property damage and property cover for manufacturing and storage facilities
  • cover for launch systems and commissioning equipment
  • in-orbit — operational life insurance for the space satellite
  • in-orbit incentives — cover for the manufacturer’s obligation to the client in the event of malfunction or non-performance
  • service interruption / loss of revenue / broadcast events — cover for broadcasters or any organization that uses telecom networks
  • liability — cover for third party liability during a launch or in-orbit activities
  • captive services — cover for companies that self-insure space risks
At AGCS we offer the full spectrum of aviation insurance solutions to everyone from major fleets, manufacturers and airports to private pilots, ground handlers and niche component manufacturers, with a particular focus on:
  • Increased line sizes
  • New business (especially as lead)
  • Start-up airlines
  • Broad appetite to grow across portfolio
  • Increased line sizes
  • Broad appetite to grow across portfolio
  • Increased line sizes
  • Co-insurance business (including North America)
  • Commercial fixed and rotor wing
  • Industrial aid
  • Broad appetite to grow across portfolio
  • Spacecraft In-orbit life (IOL)
  • Launch
  • Combined: launch+ commissioning + IOL
AGCS will consider every risk on its own merit. Capacity and coverage offered to individual clients subject to hazard, Nat Cat exposure, grading, terms & conditions.
The products and services described on this page may not be available in all AGCS locations. Please contact your local office for full information on local product availability.
Financial strength backed by
strong ratings
Network to service clients in 200+
countries and territories
Manager of 2,800+ global programs for international insurances
A tradition of excellence, 100+ years of technical expertise
Wide range of dedicated risk consulting services by our engineers
We field one of the strongest claims teams of any global insurer
92m customers globally – we insure over three quarters of the Fortune 500®
4,000+ employees in over 30 countries and 50 offices worldwide
Part of the Allianz Group, a leading financial services provider
ESG integrated into our underwriting via industry-leading rules and tools
Allianz Group is a founding member of UN Net-Zero Insurance Alliance

Allianz Risk Barometer

  1. Cyber incidents (47%) - 2021 rank: 3 (35%)
  2. Pandemic outbreak (45%) - 2021 rank: 1 (62%)
  3. Business interruption (29%) - 2021 rank: 2 (41%)
Our mobile app is a useful resource center for all our clients and brokers in North America. It features company information, product sheets and risk appetites for every line of business and service, and contact information for underwriters and other key members of the organization.
The Allianz Group offers a wide range of products, services, and solutions in insurance and asset management and operates as an international insurer on almost every continent.
With our worldwide network, Allianz Global Corporate & Specialty (AGCS) is one of the very few global insurers with an exclusive focus on the needs of global corporate and specialty clients.