Space insurance rates set to stabilise in 2022 as losses fall: Gallagher
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Space insurance rates set to stabilise in 2022 as losses fall: Gallagher

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Rates will stabilise as capacity creeps into the space insurance market in 2022, after rates levelled out in 2021, according to Gallagher’s latest edition of Plane Talking.

Much like the aviation market, the space market saw rates stabilise in 2021 thanks to improving supply and increased appetite to deploy capacity, with Gallagher predicting this trend will continue into 2022.

Indeed,

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