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Torus Insurance’s Head of Space, on Insuring Star Treks

Dr. Sima Adhya has her sights set on other-worldly coverage. With a degree in natural sciences from Cambridge University, a Ph.D. from University College London and following a stint at U.K. defense and research agency QinetiQ, she joined Torus as Head of Space in 2012. Torus is a global specialty...

By Anya Khalamayzer | Updated on June 04, 2012
Dr. Sima Adhya has her sights set on other-worldly coverage. With a degree in natural sciences from Cambridge University, a Ph.D. from University College London and following a stint at U.K. defense and research agency QinetiQ, she joined Torus as Head of Space in 2012. Torus underwrites a broad range of traditional and innovative products within the space sector.

What kind of insurance coverage is legally required of private space flights?

U.S. regulations require that satellites have a certain limit of third-party liability cover, but operators do not have to insure the asset itself. That is up to the risk appetite of the operator. Most government missions do not have asset insurance, while typically commercial missions do. Third-party liability, which Torus provides, is the only cover necessitated by U.S. law, but it is a small part of the insurance for most missions.

How many private space launches take place each year, and how much do those missions generate in insurance premiums?

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