Everything is insurance

Somali pirates seize a supertanker and its 24 crew. The owner’s first call? Their insurance company. Amrish Singh goes inside kidnap and ransom insurance, the policy you’re not allowed to talk about.

Featuring negotiator Scott Walker (ex-Scotland Yard) and economist Anja Shortland (King’s College London).

Space is getting cheaper to reach. Rockets are launching more often. Satellites are everywhere.

So who pays when something goes wrong?

As SpaceX and others push the cost of getting to space down, the economics of space insurance are getting a lot more interesting. In some cases, insurance can cost so much that companies have to ask a pretty strange question: is it actually worth insuring the thing at all?

This episode looks at the business of insuring space, who's taking the risk, and what happens when the space economy starts moving faster than the insurance industry built to protect it.

Messi grabs his hamstring in the 88th minute of the World Cup final. Millions of fans hold their breath. Someone in a London office is doing math. When the best player in the world gets hurt playing for his country, who actually pays? Inside the hidden insurance system, from FIFA's Club Protection Programme to the three policies that fire when a star goes down, that quietly holds up the beautiful game. https://hubs.ly/Q04pNbvB0