
NewSpace: Bringing The New Frontier Closer To Home
Insuring the next wave of space innovation
NewSpace is the term for the emerging commercial space sector and democratisation of space exploration. While NewSpace presents many opportunities, including increased investment and rapid innovation, it also brings with it greater risk. Lloyd's first insured a space satellite in 1965, and they now have a bespoke insurance product called Llift, which will write NewSpace risk through a dedicated platform designed to meet the needs of the small satellite community.