The Orbital Risk Infrastructure Layer
The National Space Insurance Program (NSIP)
An initiative by Alera Group focused on building insurance as critical infrastructure for the space economy.
The Opportunity
Space Is Becoming Critical Infrastructure
Satellite systems now support essential global functions—from communications and navigation to climate monitoring, defense, and financial networks.
As reliance on these systems grows, so does the importance of ensuring their resilience, continuity, and long-term sustainability.
Market Dynamics
A Market at an Inflection Point
The space insurance market has played a vital role in enabling the industry to date.
As orbital activity accelerates, new dynamics are emerging:
- Congestion
- Increasing congestion in key orbital paths.
- Concentration
- Larger constellations and more concentrated exposure.
- Attribution
- Greater complexity in understanding and attributing risk.
These shifts are expanding the conversation around how risk is modeled, transferred, and supported at scale.
Risk Infrastructure
Evolving How We Think About Risk
At Alera Group, we are approaching space insurance not only as a product—but as part of a broader infrastructure layer supporting the space economy.
This includes:
- Quantification.
- Advancing how orbital risks are quantified and modeled.
- Capital access.
- Exploring ways to improve capital efficiency and access to coverage.
- Performance alignment.
- Aligning risk transfer mechanisms with real-world system performance.
- Sustainability.
- Supporting a more sustainable and resilient orbital environment.
NSIP
The National Space Insurance Program (NSIP)
NSIP represents our effort to bring together:
- Insurance markets
- Insurance markets remain central to how orbital risk is transferred.
- Modeling capabilities
- Data and risk modeling capabilities improve how orbital risk is understood.
- Operators and partners
- Operators and ecosystem partners keep the framework grounded in real-world system performance.
To develop a more coordinated approach to managing orbital risk.
Rather than replacing existing markets, NSIP is designed to work alongside carriers and partners, helping evolve how risk is understood and supported as the industry scales.
Initiative
What We're Building
As part of this initiative, we are:
- Software and tools.
- Developing software and tools to better quantify and monitor orbital risk.
- Coverage frameworks.
- Collaborating with insurance carriers to explore new frameworks for coverage.
- Market sustainability.
- Engaging with industry stakeholders to support long-term market sustainability.
Our goal is simple
Help ensure that the growth of the space economy is matched by the strength of the systems that protect it.
- Build
- Software and tooling to better quantify orbital risk.
- Align
- Coverage frameworks with carrier collaboration.
- Sustain
- Market structures designed for long-term resilience.
Alera Group
Alera Group in the Space Economy
We are excited to be expanding our presence in the space sector—bringing our experience in complex risk, emerging industries, and structured insurance programs.
We view space not just as a new market, but as a foundational layer of future global infrastructure.
And with that comes a responsibility to help build the systems that support it.
- Complex risk
- Experience in complex risk.
- Emerging industries
- Experience in emerging industries.
- Structured programs
- Experience in structured insurance programs.
Join the Conversation
We are actively engaging with operators, carriers, investors, and partners shaping the future of space.
If you're interested in learning more about NSIP and how we're approaching risk in orbit:
Get the Executive Brief