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Insurance In The Context Of National Authorisation

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Chapter Summary

The risks of launching satellites and rockets include a degree of third party liability risk. The launch risk and the possibility of damage caused by the return to earth of the spent stages of the launch vehicle, was the emotive issue which first caused international preoccupation with space third-party liability in the context of international law. This chapter discusses the most accurate picture possible of the current situation in respect of the liability and insurance requirements of national laws. It examines the current status of the space third-party liability insurance market and the structure of a third-party liability insurance policy. The chapter considers how such policies comply with national laws. Finally, it concludes that there are some substantial differences between the laws of European states, and a unified regime at the European level would have the benefit of fixed regulations applicable to every single European operator.

Keywords: European states; international law; satellites; third-party liability insurance market status



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