Falling satellite insurance premiums put market at risk of major upheaval

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<rdf:Description>
<dc:date>2012-03-02</dc:date>
<dc:description xml:lang="es">Sumario: The price of insuring a commercial satellite's launch and first year in orbit has dropped by around 50 percent in the past six years and has left the market vulnerable to a violent shock that could occur with just one launch failure, insurance underwriters said. For insurers, the nightmare scenario is the failure of Europe's Ariane 5 rocket, which unlike competing vehicles typically carries two satellites at a time into orbit. On at least three occasions in the past three years, Ariane 5 launches have carried satellites whose combined insurance coverage is $750 million, according to figures compiled by XL Insurance of New York. Given that total insurance premiums for the global space insurance market do not exceed $1 billion, the failure would wipe out 75 percent of the year's premium income in a single stroke</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/136598.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Seguro espacial</dc:subject>
<dc:subject xml:lang="es">Industria aeroespacial</dc:subject>
<dc:subject xml:lang="es">Navegación espacial</dc:subject>
<dc:subject xml:lang="es">Mercado de seguros</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">Falling satellite insurance premiums put market at risk of major upheaval</dc:title>
<dc:relation xml:lang="es">En: Space News .- Springfield : Space News International. - 2 March, 2012 ; 2 p.</dc:relation>
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</rdf:RDF>