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Podcast

Risk in Context Podcast: Risks and Opportunities as Space Becomes More Accessible

In this episode of Marsh’s Risk in Context podcast, our team from Marsh Specialty Space Projects, including Adam Sturmer, global head of sales, Stephen Monks, managing director, and Neil Stevens, space law specialist, discuss the opportunities and risks faced by organizations investing in space as well as the insurance considerations for any organization joining the race.

Space is getting busier. As access becomes more affordable and more private companies enter the space race, risks are also increasing at a fast pace.

In this episode of Marsh’s Risk in Context podcast, our team from Marsh Specialty Space Projects, including Adam Sturmer, global head of sales, and Stephen Monks, managing director, at Marsh Specialty Space Projects and others discuss the opportunities and risks faced by organizations investing in space as well as the insurance considerations for any organization joining the race.

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Key takeaways

Lower costs make space more accessible.

The industry is expanding, with existing players increasing operations and new players seizing opportunities.

Rapid growth brings new risks.

Robust risk management strategies will be critical as more organizations enter the space race. International agreements may need refreshing to take into consideration this increased activity.

Growing industry requires evolving insurance products.

As the technology underpinning space projects continues to advance, innovation is also taking place within the insurance industry, with products changing to keep up with new risks.

About our speakers

Adam Sturmer

Adam Sturmer

Managing Director, Space Projects, Marsh Specialty Aviation & Space, United Kingdom

  • United Kingdom

Adam Sturmer is a Managing Director for Space Projects. Based in London, he works with satellite operators, launch service providers, satellite manufacturers, and others to provide space risk management and insurance placement services and the delivery of fully tailored risk and insurance solutions.

Stephen Monks

Stephen Monks

Managing Director, Space Projects, Marsh Specialty Aviation & Space, United Kingdom

  • United Kingdom

Stephen Monks is a Managing Director for Space Projects. He is responsible for the overall management of the London space team. He coordinates Marsh Specialty’s space activities on technical and insurance coverage and advises clients on a wide variety of technical and insurance coverage issues.