Search
 
News

Civilian space tourism: There's coverage for that

With revenues projected to exceed $1 trillion by 2040, could space tourism be the next insurance frontier?

“The first policy for aviation was written in 1911 and in 1927 the first transatlantic flight flown by Charles Lindbergh was insured. We are excited to be one of the first companies in 2021 to be providing insurance to space tourism pioneers who want to have the freedom to travel into space,” battleface CEO Sasha Gainullin said. (Credit: Paopano/Stock.adobe.com) “The first policy for aviation was written in 1911 and in 1927 the first transatlantic flight flown by Charles Lindbergh was insured. We are excited to be one of the first companies in 2021 to be providing insurance to space tourism pioneers who want to have the freedom to travel into space,” battleface CEO Sasha Gainullin said. (Credit: Paopano/Stock.adobe.com)

As the private space race continues heating up, the dream of space tourism inches ever closer to becoming a reality for some. Morgan Stanley finds the burgeoning industry so promising it projects the sector could surpass $1 trillion in revenue by 2040.

As with business travel or a trip to grandma’s house, space tourism is not without its own set of perils. To give future interplanetary travelers peace of mind as they sojourn beyond the stars, battleface Travel Insurance is launching a line for civilian space tourism.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Steve Hallo

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

More from this author

 

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.