Skip to main content


The space economy is a growing opportunity.
Space debris is a growing threat.

When we launched our purpose statement two years ago we got something wrong. Well, not wrong, exactly. But certainly worthy of further clarification. 

Because while ‘Sharing risk for a braver world’ is accurate - when you’re the market leader for space insurance, ‘world’ could seem a bit limiting. In reality, space is an extension of our home environment; a shared resource that is in need of care and protection. 

We rely on a safe and sustainable space domain to more deeply understand our planet, for faster and more reliable communications, and to power the entire global financial system.

But the space-Earth ecosystem and economy is under threat. Accumulation of debris like this could lead to a critical mass where collisions between objects become inevitable and constant making some orbits completely unusable:

There are already 3,000 dead satellites in Earth's orbit, 400 of them in low earth orbit.
Estimates suggest that 24,000 satellites are expected to launch in the next decade.
There are more than 100 million pieces of debris larger than 1mm in earth's orbit.

How Lloyd’s can help make space operations safer and more sustainable 

More and more people are calling for greater protection of space as a fragile ecosystem that is vital to our economy, wellbeing and future. 

The Lloyd’s market can help: 

  • Insurance protects new investments and unlocks the finance needed to develop and pursue opportunities in this new sector 
  • We’re already home to risk solutions for world-first initiatives to tackle the problem of space debris 
  • Our Lloyd’s Lab innovation incubator is also helping to catalyse and accelerate space sustainability, with alumnae shaping technology to track objects in space and using space-based radar to monitor and mitigate against the impacts of climate change. 

Space sustainability standards

On 6th October 2022, Lloyd's announced it will collaborate with the Lloyd’s Market Association (LMA), UK Government and leading industry experts on the development of the world's first space sustainability standards.

Space sustainability stories

Privateer: Mapping our crowded skies

Travelling at 17,000mph in orbit, even the tiniest speck of space debris can chip windows and dent solar cells. Lloyd’s is working with data specialists (and Lloyd’s Lab alumnus) Privateer to track and monitor the movement of space debris.

Astroscale: Mission to clean up space

The Lloyd’s market is now providing risk mitigation solutions for the emerging ‘orbital economy’ - helping Astroscale’s new end-of-life satellite retrieval service to get off the ground.

ICEYE: Visualising the Impacts of climate change

How Lloyd’s Lab alumnus ICEYE’s ‘persistent monitoring’ satellites can help manage and mitigate the impacts of climate change.

Space rescue mission: Lloyd’s space salvage first

In 1984, Lloyd’s was the driving force behind the first-ever space salvage mission – mission STS 51 - working with NASA and the Discovery shuttle crew to bring two stray satellites back to Earth.

Related information