Why Willis Towers Watson Inspace?
Founded as the first-ever space insurance broker in 1977, the team is comprised of experienced professionals across various locations world-wide: Washington D.C., London, Paris, Moscow, Kuala Lumpur, Singapore, Beijing and Almaty.
The Global Inspace team prides itself on developing, marketing and implementing risk strategies that complement the innovative space industry of today.
We work alongside all industry participants - satellite operators, manufacturers, financiers and launch services agencies to address all risks offering customised solutions to support business objectives.
| Space industry risk | Global Inspace solution |
|---|---|
| Contract negotiation and signing |
|
| Manufacturing and testing |
|
| Transit |
|
| Launch site |
|
| Launch vehicle flight/ separation |
|
| In-orbit testing/In-orbit life |
|
| Performance incentives | Milestone payments and performance incentives in customer contracts |
| Other services/insurances |
|
Managing risk in a changing industry
Our experienced team understands the importance of the risk management process in a sector where trail-blazing technology can be commonplace. By efficiently producing cost-effective risk-averse solutions we are embedded within the growing industry trends of today, such as:
- Constellations
- Hosted payloads
- Earth observation
- Broadband satellites
- Nano/small satellites
- Human spaceflight/Space tourism
- In-orbit servicing
- Re-useable launch vehicles
- Real-time video
- ISS-based hardware/habitats
- In-orbit debris
- 3D print manufacturing
Claims expertise
Claims within the space insurance industry tend to be large and complex and our expertise in claims settlement can ensure that they are paid in a timely, efficient, and complete manner.
The insight gained by building unique policy wordings and loss formulas tailored to our individual client’s needs enables us to stress test how a policy will respond in the event a claim occurs.
