Podcast

Risk in Context Podcast: Risks and Opportunities as Space Becomes More Accessible

In this episode of Marsh’s Risk in Context podcast, our team from Marsh Specialty Space Projects, including Adam Sturmer, global head of sales, Stephen Monks, managing director, and Neil Stevens, space law specialist, discuss the opportunities and risks faced by organizations investing in space as well as the insurance considerations for any organization joining the race.

View of a sunrise on a distant planet system in space

Space is getting busier. As access becomes more affordable and more private companies enter the space race, risks are also increasing at a fast pace.

In this episode of Marsh’s Risk in Context podcast, our team from Marsh Specialty Space Projects, including Adam Sturmer, global head of sales, Stephen Monks, managing director, and Neil Stevens, space law specialist, discuss the opportunities and risks faced by organizations investing in space as well as the insurance considerations for any organization joining the race.

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Key takeaways

Lower costs make space more accessible.

The industry is expanding, with existing players increasing operations and new players seizing opportunities.

Rapid growth brings new risks.

Robust risk management strategies will be critical as more organizations enter the space race. International agreements may need refreshing to take into consideration this increased activity.

Growing industry requires evolving insurance products.

As the technology underpinning space projects continues to advance, innovation is also taking place within the insurance industry, with products changing to keep up with new risks.

About our speakers

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Adam Sturmer

Global Head of Sales, Marsh Specialty Space Projects

Based in London, Adam Sturmer works with satellite operators, launch service providers, satellite manufacturers, and others to provide space risk management and insurance placement services and the delivery of fully tailored risk and insurance solutions.

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Stephen Monks

Managing Director, Marsh Specialty Space Projects

Stephen Monks is responsible for the overall management of the London space team and to coordinate all of Marsh Specialty’s activities on technical and insurance coverage and advise clients on a wide variety of technical and insurance coverage issues.

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Neil Stevens

Space law specialist, Marsh Specialty Space Projects

Neil Stevens is a trained lawyer and commercial contracts expert. He is a space law specialist and has extensive experience in space insurance. Neil has advised governments and national and international space agencies.