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Space
Specialty
AXA XL Insurance offers a unique and comprehensive suite of insurance products for space operations, including launch, in-orbit, and associated coverages for satellites, launch vehicles, and other space payloads, as well as pre-launch and liability coverages. Coverage extends to traditional and specialized aerospace, telecommunications, and earth observation organizations, and related businesses.

Product details

Capacity

Up to USD 45 million any one satellite or launch (increased limits available for dual launches)

Coverage

Space:

AXA is a leading insurer of the space industry. Our clients include satellite owners, manufacturers, and users; launch providers; and telecommunications, earth observation, and scientific organizations and institutions. We also support development of unique missions, payloads and capabilities from new, entrepreneurial space organizations. We work closely with our clients to develop innovative, specialized products covering all types of satellites, launch vehicles, and other space payloads, through development, launch, and in orbit.

We offer:

  • Launch coverage for physical damage to the satellites and/or launch vehicles, including extra expenses, from ignition through spacecraft separation in orbit
  • Post-separation coverage for satellites through initial operations, deployments, orbit raising, and testing
  • In-orbit coverage for on-going operations of satellites through their design life
  • Coverage for transponder users, including loss of revenue and extra expense reimbursement, for transponders lost while in use on an operating satellite
  • Coverage for satellite manufacturers for loss of incentive and warranty payments due to satellite anomalies
  • Launch risk guarantee coverage for launch vehicle operators, due to launch vehicle malfunction
  • Specialized microsatellite coverage for unique missions
  • Single satellite and multi-satellite policies
  • Combined pre-launch, launch, and in-orbit policies
  • Launch and in-orbit liability, and pre-launch policies

Client Profiles

  • Telecommunications organizations
  • Earth observation organizations
  • Spacecraft owners and operators
  • Transponder users
  • Spacecraft manufacturers
  • Launch vehicle manufacturers
  • Launch service providers
  • Universities and not-for-profit organizations engaged in space exploration

Typical Information Required

  • Technical, financial and contractual information on all equipment and operations
  • Loss history

Benefits & Services

AXA provides a unique suite of insurance products for space-related activities, with specialization in:

  • small spacecraft and launch vehicles,
  • unique mission designs,
  • new technologies,
  • salvage opportunities
  • launch delay coverages

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

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