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The number of orbital launches continues to increase in response to increasing data demands. Investment in smallsat development rockets and the global launcher fleet expands to encompass new launch vehicles and payloads and the demand for Launch Vehicle Flight Only (LVFO) insurance grows in tandem.
Nevertheless, launch failures keep occurring and their effect can be devastating to start-ups and established operators alike.
Aesir Space provides comprehensive LVFO to insureds for damage to satellites which occur after intentional ignition of the launch vehicle and up to the point where they separate from the launcher.
Our data-driven underwriting approach means that every LVFO policy is built on high-resolution industry data and built to the specific requirements of the particular vehicle type of satellite. Further, our risk assessment capabilities are based on the latest launch failure statistics.
We provide LVFO cover as a stand-alone cover or as part of a Combined Flight (CF) programme with In-Orbit (IO) insurance.
Aesir Space Factsheet
Morten has over 20 years of risk management experience in the space industry and over 15 years in the insurance market. His technical knowledge gives Aesir Space a unique perspective on the space insurance market.
During his underwriting career, he was Founder and Managing Director of ViVet Limited, an MGA focused on space, aviation and energy. He was also UK Branch Manager at Glacier Insurance (now Starstone Insurance) and a Space Underwriter at Assicurazioni Generali.
His risk management credentials stem from his work as Group Risk & Insurance Manager at EADS Astrium Satellites (now Airbus Defence and Space) starting his career as a Reliability engineer on LEO meteorological satellites.
James has over 14 years of technical experience spanning all aspects of the small satellite sector. He has held numerous senior engineering roles across all functional aspects of the technology, giving him a unique insight into satellite capabilities right down to the individual component level.
Prior to joining Aesir Space, James worked at a leading commercial small satellite company. Most recently, he was Head of Avionics for the Project Engineering Division, managing outputs across various functional areas including on-board data handling, global navigation satellite systems, Attitude and Orbit control subsystem, and RF.
During his 14 years at the firm, James was also Head of Electrical Engineering, Electrical Engineering Group Leader and On-Board Data Handling Team Leader. He joined the firm in 2004 as Senior Hardware/Software Development Engineer.