Orbway provides parametric insurance for spacecraft, offering objective, trigger‑based coverage that pays out automatically when predefined orbital or telemetry conditions are met.
Funding
Funding not disclosed
Founders
Product
Problem
Satellite operators face financial exposure when operational events—such as collision‑avoidance maneuvers, payload performance drops, or severe space‑weather conditions—interrupt service, yet traditional insurance is slow, subjective, and not aligned with real‑time mission data.
Solution
Orbway provides parametric insurance that ties coverage directly to objective, data‑driven triggers derived from a real‑time space situational awareness database. Customers define the exact orbital or telemetry condition that constitutes a loss event and the associated payout levels. During the policy period Orbway continuously monitors the agreed data feeds, records an evidence trail, and automatically settles the claim when the trigger is met, eliminating loss‑adjustment negotiations. Policy issuance is rapid, typically within one to five days, and pricing is transparent because payouts are pre‑agreed based on measurable events. The platform supports all Earth orbits, from low‑Earth to geostationary, enabling fleet‑wide protection that aligns with constellation economics.
Target Audience
Primary customers are commercial satellite operators and constellation managers that need rapid, objective protection against operational disruptions and revenue loss across LEO, MEO, and GEO fleets.
Features
- Real‑time SSA database aggregating ground observations, spacecraft telemetry, and 40+ years of space‑weather data
- Customizable trigger definitions on orbital parameters, maneuver thresholds, or telemetry signals (e.g., collision‑avoidance maneuver risk level)
- Continuous monitoring with automated evidence capture for trigger verification
- Immediate, automatic payouts without loss‑adjustment or negotiation once a trigger condition is satisfied
- Coverage across the full spectrum of Earth orbits (LEO, MEO, GEO) for individual satellites or entire constellations
- Transparent, data‑based pricing and policy turnaround of 1‑5 days
- Scalable architecture handling millions of tracked orbital events, debris objects, and maneuver records