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April 10, 2019

Insurance in space

Things you can never learn unless you read Russian social media. So, the meat:

Ariane 5 - 2%, Falcon 9 - 2.5%, Soyuz - 5%. Electron - 5% (but, only if you pay now; if it suffers a mishap, rates will shoot up). However, one panelist said that the premiums tend to divorce from the carrier rocket and follow the cost of the payload, with a steep climb above $50,000,000. A separate case is Angara, which basically cannot be insured at this time. Some people quote rates of 25%, but they will not come through when it's time to underwrite. Insurers need a breefing, which neither Khrunichev nor ILS got around doing.

The cost of insurance of GSO comsats is only 0.2% per year. Absurdly low rates, thanks to large lifetimes of modern satellites.

Posted by: Pete Zaitcev at 01:12 PM | No Comments | Add Comment
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