The space technology insurance sector is evolving rapidly, driven by increased commercial space activities, technological advancements, and emerging risks. Key trends shaping this industry include: 1. Expansion of Coverage Areas Satellite Insurance: This remains crucial for both governmental and commercial entities, covering various stages from pre-launch to in-orbit operations. Policies typically address launch failures, in-orbit malfunctions, and third-party liabilities. Launch and In-Orbit Coverage: Insurers offer protection against potential losses during the critical phases of satellite deployment and operation, ensuring financial safeguards against unforeseen events. Personal Accident Insurance for Astronauts: With the rise of human spaceflight and space tourism, there's a growing demand for policies that cover accidents, injuries, or fatalities during missions. 2. Rising Demand Due to Commercial Space Activities Proliferation of Small Satellites: The surge in sm...