Acting sustainably in space and the critical role of insurance

Join us in the Old Library at Lloyd’s to hear from Nick Shave as he provides an overview of the current orbital space environment, the critical need for responsible space operations, and how Astroscale is working on solutions to clear up space debris. Nick will also give his view on the critical role of the insurance industry in an era of rapid growth in satellites and associated launcher markets.

​We rely on space technology in many areas of our lives – satellites help keep us safe, connected, and informed, but with over 5,000 active satellites already in space and more and more being launched every year, the threat of orbital congestion and space debris is growing. In just two years, the number of close approaches of objects in space has trebled. If a near-miss becomes a collision, it can produce large quantities of orbital debris that remain a hazard for centuries. Even very small debris can destroy active satellites or endanger astronauts. Government and industry recognise that safe, affordable, and reliable in-orbit servicing is necessary to solve the problem.

Astroscale is the first private company with a vision to secure the safe and sustainable development of space for the benefit of future generations. It is approaching the space sustainability challenge in three ways: developing new technologies with innovative capabilities to approach, inspect and rendezvous with objects in space; influencing policy to guide responsible behaviour in space, and building a business case for commercial satellite operators that demonstrates the cost-effective incentives for their business. With four in-orbit satellite service lines, Astroscale is developing solutions to remove commercial satellites and large debris orbits in low earth orbit, extend the life of geostationary satellites, and inspect objects in space across all orbits.

Learning objectives:

• The rapid growth of the space industry to a $1 trillion market over the next 10 years
• The current situation of crowded orbits and why urgent action is required
• What technologies and services are being developed to address the problem
• How the insurance industry needs to play a key role

Chair: Janette Sunshine ACII, Executive Director, WTW.

Please note: this seminar will not be recorded so a playback will not be available for members who do not attend the live event.

CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
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Conditions:

• Email confirmations and original photo ID must be produced to security staff at the lecture venue
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Contact:
Please contact Patricia Pedraza (07463 028327) with any queries regarding the CPD events programme.

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