The insurance industry, which would take a hit, if satellites started dropping out of the sky, admits that the risk is a hard one to price.
Ludovic Amoux is a specialist underwriter at the world’s leading space insurer, Paris-based SpaceCo, which is owned by Allianz.
“We have tried to analyze the probability... Our only concern is that although the probability is low, the impact would be huge,” he said.
(Additional reporting by Myles Neligan; Editing by Anna Willard)