Willis

Willis Inspace was established in 1979 as the specialist space division of Willis, providing insurance broking, consultancy and risk management services to the space industry.

Willis Inspace comprises 27 dedicated professionals in six strategically placed offices providing services to clients world-wide that include satellite operators, satellite manufacturers and launch services agencies.

Willis Inspace offers a range of products:

• Consultancy
• Launch and in orbit liability
• Launch + commissioning + in orbit life
• Political risks (in conjunction with our Political Risks division)
• Pre-launch (in conjunction with our International Trade & Logistics division)
• Project delay / termination
• Service interruption + business interruption + loss of revenue.

Willis Inspace works with its clients to ensure the completion of:

• Account servicing
• Assistance with ITAR export licenses and documentation
• Claims advice / negotiation / settlement
• Completion of coverage
• Contractual review
• Financial / commercial review
• Initial negotiations with leading insurers
• Insurance programme design
• Policy wording development and agreement
• Premium payment
• Technical review
• Technical presentations
• 'Slip' preparation and agreement by the client.

Our experienced account management personnel bring with them a diverse and complimentary range of skills and knowledge. The strengths of Willis Inspace and our excellent reputation with both clients and underwriters are the result of:

• Adopting an aggressive and independent claims handling process which results in better claims settlements.
• Developing creative insurance programme designs for different and difficult placements
• Implementing a centralised approach to insurance placements
• Organising a strong team of space insurance professionals as a single profit centre.

"Willis Inspace are one of the dominant brokers in this specialised sector with an annual market share based on premium income and satellite launches of between 25% and 35%."