Orbway becomes licensed agent

Orbway Space Insurance  has secured a license from the Bermuda Monetary Authority, marking a step toward launching parametric, data-driven insurance products for satellite operators.

The MGA is focused on commercial spacecraft, working with capacity partners including Ensuro  to underwrite its initial portfolio. The approach centers on parametric coverage, where payouts are triggered automatically based on predefined orbital and telemetry-based conditions rather than traditional loss assessments. Its model allows policies to be tailored to specific mission profiles, using real-time data inputs to define triggers across the full satellite lifecycle—from launch risks such as delays and deployment failures to in-orbit events like performance degradation or collision avoidance maneuvers.

Orbway has also raised a pre-seed round led by Club degli Investitori, with participation from strategic angels in the space and insurtech sectors. Terms were not disclosed.