Analysis

Space tourism launches opportunities for insurance market

By Jon Guy 2021-09-10T11:18:00

space tourism

Due to being ‘at the very start of space tourism’, there is currently ‘a lack of data’ to inform underwriting – but there is demand for cover from ultra high net worth travellers

The launch of two of the world’s richest men into low space orbit has officially opened the commercial space tourism sector, with insurers now having to explore how to cover the risks of this emerging market arena.

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