Space facing a trek back to profitability as 2023 losses mount
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Space facing a trek back to profitability as 2023 losses mount

space id november 2023 chart line spaceman.png

The space insurance market is facing one of its toughest periods since 2019 after being struck by major losses that have significantly outpaced its premium base.

A canvass of London space market players by Insurance Insider suggested that the picture for the end of 2023 is nearly as bleak as it was four years ago.

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