Legal
Insurance Requirements
Mandatory third-party liability insurance coverage that space operators must maintain as a condition of authorization.
Insurance requirements ensure that space operators can cover damages arising from their activities, protecting both third parties and taxpayers from bearing losses.
EU Space Act Requirements Minimum coverage levels (subject to final adoption):
- Standard missions: €60 million
- High-risk missions: Up to €500 million
- Light regime: Reduced minimums
Coverage Scope Insurance must cover:
- Third-party property damage
- Personal injury
- Environmental damage
- Launch phase
- In-orbit operations
- Re-entry phase
Policy Requirements
- Approved insurers
- EU law jurisdiction clause
- Direct action rights for victims
- Notification of changes to NCA
Risk Considerations Premium factors:
- Spacecraft value
- Orbital parameters
- Mission duration
- Operator track record
- Collision avoidance capability
Market Key space insurers:
- AXA XL
- Allianz
- Munich Re
- Swiss Re
- Lloyd's syndicates