The first space insurance policy was written in 1965.

The first space insurance policy was written in 1965.

• A. 1960
• B. 1965
• C. 1970
• D. 1975

Answer: (B)

Understanding when specialized space risk transfer began helps you place insurance coverage in the context of rapid technology development. The first space insurance policy was written in 1965, marking the introduction of dedicated coverage for launch risks, satellite loss, and in-flight perils. That date reflects the historical entry of a policy designed specifically for space activities, making it the correct year. Dates earlier than this would be before such coverage existed, while later dates indicate subsequent market growth rather than the origin of space insurance.

Understanding when specialized space risk transfer began helps you place insurance coverage in the context of rapid technology development. The first space insurance policy was written in 1965, marking the introduction of dedicated coverage for launch risks, satellite loss, and in-flight perils. That date reflects the historical entry of a policy designed specifically for space activities, making it the correct year. Dates earlier than this would be before such coverage existed, while later dates indicate subsequent market growth rather than the origin of space insurance.