Space Insurance

Market-leading space and satellite insurance
With a dedicated space team in Paris, an industry-leading financial rating and one of the largest capacities in the industry, Allianz Global Corporate & Specialty (AGCS) is the space insurer of choice. 
Space and satellite insurance has evolved from simple launch coverage to a complex discipline combining contract analysis and advice, risk evaluation, alternative risk transfer concepts, insurance program design and implementation, and claims negotiation. 
 

Our Paris-based Space team provide comprehensive space insurance and satellite insurance, for all aspects of space missions, covering assembly, integration and test (AIT) risk, pre-launch risk, facility damage, in-orbit life insurance, third party liability and more. We have experience in working with clients on a wide range of projects, from geostationary commercial platforms to low earth orbit observation, navigation and remote sensing.

 
 
  • assembly, integration and test (AIT) coverage during the manufacturing and testing phase
  • pre-launch coverage during transport to the launch pad, at the launch pad, before launch, or in storage, as well as contingent exposures
  • production facility / launch pad property damage and property cover for manufacturing and storage facilities
  • cover for launch systems and commissioning equipment
  • in-orbit — operational life insurance for the space satellite
  • in-orbit incentives — cover for the manufacturer’s obligation to the client in the event of malfunction or non-performance
  • service interruption / loss of revenue / broadcast events — cover for broadcasters or any organization that uses telecom networks
  • liability — cover for third party liability during a launch or in-orbit activities
  • captive services — cover for companies that self-insure space risks
The products and services described on this page may not be available in all AGCS locations. Please contact your local office for full information on local product availability.
The global population depends on a safe and efficient commercial aviation network. Stakeholders in the aviation industry have worked continuously to improve the sector’s safety performance.
Key issues and trends underpinning rapid growth in usage of UAS and provides insight into the potential risk exposures related to their deployment in the private, public and commercial realms.

Annual survey identifying business risks

Technology is breeding new threats as well as business models. Traditional risks such as natural catastrophes continue to challenge while other threats such as cyber, neck-and-neck with business interruption at the top of the Allianz Risk Barometer 2019 for the first time, reputational risk, increasing exposure to intangible assets and volatility and consolidation in the corporate environment evolve daily.

Top 3 global risks in the Aviation sector in 2019

  1. Cyber incidents (43%) - 2018 rank: 2 (44%)
  2. Business interruption (37%) - 2018 rank: 1 (45%)
  3. Changes in legislation and regulation (36%) - 2018 rank: 4 (26%)
Allianz operates as an international insurer on almost every continent. Find Allianz in your own country/region.
With the Allianz network AGCS provides services in over 200 countries and territories.