Early access  Fleet-level pricing for satellite insurers

Catastrophe risk for the orbital economy

Satellites are now launched, flown and lost in batches. Menelith prices the losses that hit a whole fleet at once, so insurers can cover it with confidence.

Talk to usSee how it works
Nov 2021 · Debris
1,500+

trackable fragments from a single anti-satellite test, spread across busy low orbits.

Feb 2022 · Space weather
38 of 49

new satellites lost when a geomagnetic storm increased drag just after launch.

Jul 2024 · Launch
20 of 20

satellites on one rocket left in an orbit too low to survive after an upper-stage fault.

The problem

Space insurance was built for one big satellite at a time

Today's fleets share a rocket, an orbit, a design and the same space weather. One event can hit dozens of satellites together. Most pricing still treats each one as independent, which understates the bad years, so most fleets simply go uninsured.

The next wave raises the stakes. Data centres in orbit are being planned, and our example fleet of 50 compute platforms carries $1bn of hardware.

Space insurance market, 2023

Premiums collected$557m
Claims paid$995m
LEO satellites insured<1%

Industry estimates from public market reports.

How it works

A fleet-level loss model, built for underwriters

01

Model the shared events

Launch failures, debris, geomagnetic storms and hardware faults, simulated across the whole fleet for the full mission.

02

Price the tail

Expected loss, 1-in-200 loss and layer pricing, so an insurer sees what a bad year really costs before writing the risk.

03

Show the working

Every assumption is visible, and the storm model is tested on real satellite losses it was never fitted to.

Example Menelith fleet report for 50 satellites

Prototype fleet report for an example fleet of 50 orbital compute platforms. Figures are illustrative.

2.9×

Shared events barely move the average loss, but they nearly triple the worst case

For an example book of 1,000 satellites, our 1-in-200 loss is 2.9 times what you get by pricing each satellite on its own. That gap is the risk insurers can't see today.

Who it's for

Built for the people who carry the risk

Underwriters

Price fleets with confidence

A defensible view of fleet tail risk, layer by layer, to support pricing and capacity decisions.

Brokers

Place more fleet risk

Clear, shareable fleet reports that help bring new satellite operators to market.

Operators

Make fleets insurable

Understand what drives your loss profile, and what changes would make cover cheaper.

Talk to us

We're speaking with underwriters, brokers and operators now

If you insure, broker or fly satellite fleets, we'd like to hear how you price fleet risk today.

hello@menelith.com