ISPL Faculty discuss space debris and insurance risk

Monday, November 7th, 2011

Space Debris was the focus of an article by Owen Bowcott, the Guardian’s legal affairs correspondent on 28 October 2011.  Owen attended the ISPL Practitioner and Industry Seminar on Policy and Regulatory Risk, the last of the Series on Risks Associated with Space Activity, held on 27 October 2011 in London.

After the event, he spoke to Neil Stevens, a deputy space underwriter at the Atrium Space Insurance Consortium and member of the ISPL Faculty.  They discussed insurance issues arising in relation to space debris, and the concerns of those insuring space ventures.

He also spoke to Sa’id Mosteshar, the ISPL Director, about potential costs associated with increasing risk of satellite collision with debris.  Physical risks such as debris were not the focus of the seminar, but were very topical, following the crash of a NASA satellite into the Pacific Ocean, and a German satellite into the Bay of Bengal.

The Guardian article: Space debris collisions a growing risk, experts warn

For more about the Seminar, see our news item “Policy & Regulatory Risk Seminar 27 October 2011”.