Since the beginnings of space endeavors in 1957, mankind has been leaving behind a trail of debris orbiting Earth. Risks to satellites and other space exploration equipment are continuously increasing due to the large amount of debris that has accumulated in more than 50 years of human space activity.
Today, the amount of space debris has reached a critical mass and threatens the missions of satellites used for telecommunications and Earth observation. Allianz Global Corporate & Specialty takes a closer look at this issue in its white paper publication Space Risks: A new generation of challenges. AGCS's expert team on space risks explores the many challenges satellites face in the harsh space environment and how the insurance industry is a key enabler of the space industry and its activities.