Why Inspace?
Founded as the first-ever space insurance broker in 1977, the team is comprised of experienced professionals across various locations world-wide: Washington D.C., London, Paris, Moscow, Kuala Lumpur, Singapore, Beijing and Almaty.
The Global Inspace team prides itself on developing, marketing and implementing risk strategies that complement the innovative space industry of today.
We work alongside all industry participants - satellite operators, manufacturers, financiers and launch service agencies to address all risks offering customized solutions to support business objectives.
Our specialized and dedicated team can provide broking and advisory services across the following areas:
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01
Contract negotiation and signing- Identification of exposures in contract terms
- Risk management solutions in line with overall business strategy
- Dovetail policy language to relevant procurement contracts
- Consulting during negotiation of contract terms
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02
Manufacturing and testing- Property insurance
- Satellite stock throughput insurance
- Satellite ground testing and pre-transit insurance
- Hot fire and static fire test insurance
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03
Transit- Transit insurance (to testing, contractor and launch sites)
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04
Launch site- Pre-launch insurance (AIT and launch pad coverage up until intentional ignition/launch)
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05
Launch vehicle flight/separation- Launch vehicle flight insurance
- Launch liability insurance
- Launch + IOT
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05
In-orbit testing/in-orbit life- Launch + 1 year in-orbit
- Launch + long-term in-orbit
- Standalone post-separation insurance and annual in-orbit insurance renewals
- In-orbit liability insurance
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06
Performance incentives- Milestone payments and performance incentives in customer contracts
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07
Other services/insurances- Cyber insurance
- ECA/investor advisory
- Credit enhancement
- M&A due diligence
- Coverage consolidation
- Political risk insurance
Managing risk in a changing industry
Our experienced team understands the importance of the risk management process in a sector where trail-blazing technology can be commonplace. By efficiently producing cost-effective risk-averse solutions we are embedded within the growing industry trends of today, such as:
- Constellations
- Hosted payloads
- Earth observation
- Broadband satellites
- Nano/small satellites
- Human spaceflight/Space tourism
- In-orbit servicing
- Re-useable launch vehicles
- Real-time video
- ISS-based hardware/habitats
- In-orbit debris removal
- 3D print manufacturing
- Lunar missions
- Software-defined satellites
Claims expertise
Claims within the space insurance industry tend to be large and complex and our expertise in claims settlement can ensure that they are paid in a timely, efficient, and complete manner.
The insight gained by building unique policy wordings and loss formulas tailored to our individual client’s needs, enables us to stress test how a policy will respond in the event a claim occurs.
Disclaimer
WTW offers insurance-related services through its appropriately licensed and authorised companies in each country in which WTW operates. For further authorisation and regulatory details about our WTW legal entities, operating in your country, please refer to our WTW website. It is a regulatory requirement for us to consider our local licensing requirements.
