India's Space Insurance Ecosystem and Safety Initiatives

India's space sector is rapidly embracing an expansive insurance ecosystem to mitigate risks associated with space activities. Collaborative efforts by Indian insurers with global partners facilitate this, enabling private entities to secure suitable insurance coverage. The Indian Space Research Organisation (ISRO) has launched multiple initiatives, such as ISRO System for Safe and sustainable Space Operations Management (IS4OM) and the Debris Free Space Mission (DFSM), to enhance space situational awareness and mitigate debris. These initiatives align with international standards and highlight India's commitment to safe and sustainable space operations, topped by a draft policy framework addressing India's liability regarding third-party damages from space objects.

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