#30 - Dr. Sima Adhya: Space Insurance, Rocket Launches, & Alien Related Exposures

This week the guys are joined by Dr. Sima Adhya, Head of Space and Head of Innovation at Hamilton. They delve into the fascinating world of space insurance; the history and future of space travel, how insurance makes spaceflight possible, how claims are made against failed launches, the growing class of space tourism, and how to price an unusual risks involving Elon Musk. EPISODE LINKS: Sima's LinkedIn: https://www.linkedin.com/in/sima-adhya-49b15810/ Hamilton: https://www.linkedin.com/company/hamilton-insurance-group/  CONNECT & SUPPORT: Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss Enquiries: [email protected] OUTLINE & TIMESTAMPS: (00:00) Intro (00:53) Sima’s Path to Space Insurance (02:31) Insights Into the Space Industry Through Insurance (03:35) The Role of Insurance for Spaceflight (05:28) The Taxonomy of Space Insurance (07:26) Space Salvage (09:25) Defining Losses for Space Claims (10:19) How Often Launches Fail (12:27) Insurance for Space Tourism (15:56) The Falcon Heavy Initial Launch (17:17) Kerbal Space Program: Simulation (18:25) Pricing Tools and Models for Space Risk (20:55) The Risk of Space Debris (25:27) Buying Insurance Against Launch Delays (26:59) Exponential Growth In Space Innovation (30:59) What’s On the Horizon: Space Predictions (32:58) Favourite Space Movies (35:50) Price It: Elon Rides a Cybertruck on a Falcon Heavy to the Moon (37:51) Who Insures People Flying SpaceX or Blue Origin (39:02) Broader Lines of Space Business (40:32) Space Reinsurance (42:10) The History & Growth of Space Insurance (45:13) The Impact on Risk from Iterative Rocket Changes (46:22) Alien Related Exposure: Abduction Insurance