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.
Space Insurance
Meet our expert
Space and Satellite Insurance
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Product description
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Risks covered
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.
- 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
Market focus at a glance
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:
Airlines
- Increased line sizes
- New business (especially as lead)
- Start-up airlines
- Broad appetite to grow across portfolio
Aerospace
- Increased line sizes
- Broad appetite to grow across portfolio
General Aviation
- Increased line sizes
- Co-insurance business (including North America)
- Commercial fixed and rotor wing
- Industrial aid
- Broad appetite to grow across portfolio
Space
- 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.
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