ASSURANCE THROUGH INSURANCE AND ON-ORBIT SERVICING

| May 10, 2018

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The current satellite insurance market focuses on launch the riskiest part of a satellite’s life. Approximately two-thirds of insured satellites have coverage that encompasses launch plus one year; some are launch plus three or even five years. After the initial coverage period, additional on-orbit insurance can be purchased. If the satellite functioned properly during the initial period, the additional coverage is straightforward to obtain. In 2016, premiums were the lowest they had been in 15 years.1 After approximately 10 years, the satellite value declines enough such that insurance no longer makes sense.

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Hannover Re

Hannover Re, with gross premium of around EUR 17.8 billion, is the fourth-largest reinsurer in the world.

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Spotlight

Hannover Re

Hannover Re, with gross premium of around EUR 17.8 billion, is the fourth-largest reinsurer in the world.

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