New technologies and lower launch costs are providing greater opportunities for both new and existing companies to thrive in the space industry. However, with opportunity comes uncertainty — government access, terrestrial 5G global rollout, supply chain issues, and more.
Since 1977, Marsh has helped space companies to identify and address relevant risk factors through risk mitigation, management, and transfer strategies. Given our broad and diverse portfolio of clients, we are able to identify the latest market trends and provide meaningful insights backed by our innovative data and analytics tools. Our specialist space team members, all in-house, have a variety of backgrounds, including insurance marketing, engineering, legal, financial, and account management.
We have delivered numerous ‘market firsts’ for space industry companies in terms of financial and coverage solutions. We will continually strive to deliver innovative solutions, at the most competitive terms available in the market, to you.
We provide insurance coverage and risk management solutions for:
How can insurance support space exploration?
With NASA’s new rocket, the Space Launch System, mankind will enter a new era of deep space exploration. Marsh Specialty created an innovative insurance solution to cover NASA and its prime contractors.