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A geostationary satellite antenna fails to deploy, triggering a record insurance year

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A newly launched high-throughput geostationary satellite suffered an anomaly during deployment of its main reflector, sharply reducing the capacity it could deliver. Combined with other losses, the year produced claims far in excess of annual premium in the specialty space insurance market, and several underwriters subsequently reduced or withdrew capacity. The episode illustrates the structural fragility of insuring very large single assets: one deployment mechanism on one spacecraft moved the price of risk for the entire industry.

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Timeline

No dated observations are stored for this object. Atlas shows what was observed and when — it does not infer a history.

Connections · 2
Assembled narrative · 1

Assembled from 23 blocks · 1 evidence · 23 related

  1. Story
  2. A newly launched high-throughput geostationary satellite suffered an anomaly during deployment of its main reflector, sharply reducing the capacity it could deliver. Combined with other losses, the year produced claims far in excess of annual premium in the specialty space insurance market, and several underwriters subsequently reduced or withdrew capacity. The episode illustrates the structural fragility of insuring very large single assets: one deployment mechanism on one spacecraft moved the price of risk for the entire industry.
  3. Knowledge
  4. Satellite communications
  5. Space insurance
  6. A geostationary satellite antenna fails to deploy, triggering a record insurance year
  7. Connections
  8. Space insurance
  9. Satellite communications
  10. Satellite communications
  11. A recovered Falcon 9 booster is flown a second time
  12. A geostationary satellite antenna fails to deploy, triggering a record insurance year
  13. ITU spectrum and orbital-slot regulation
  14. Earth observation
  15. Low Earth orbit broadband constellations
  16. Eutelsat OneWeb
  17. Space insurance
  18. The Communications Satellite Act creates a commercial satellite operator
  19. Telstar 1 relays the first live transatlantic television
  20. Intelsat I (Early Bird) becomes the first commercial geostationary satellite
  21. A geostationary satellite antenna fails to deploy, triggering a record insurance year
  22. Evidence
  23. The satellite industry's revenue is reported in four segments — satellite services, ground equipment, satellite manufacturing and launch services — with services and ground equipment together forming the large majority and launch a low single-digit share. V55 verification basis: this session had no network egress and no remaining WebSearch budget, so the report was not retrieved; the segment structure is stated from author knowledge and every figure derived from it is given as a magnitude rather than a number.
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/atlas?object=EVT_VIASAT3_ANOMALY_2023&experience=EVT_VIASAT3_ANOMALY_2023