SIMPLES is our Interactive Space Model. It contains a complete modelling tool encompassing; launch, separation, testing and commissioning of rockets as well as satellite in orbit cover within a DFA loss model to assess portfolio risk. This model has been developed to aid the business planning process with its interactive features enabling the testing of different risk mixes on underwriting results.
The SIMPLES model takes the ‘Market bottom-up approach, which uses market loss rates specific to each launch vehicle and satellite based on historical losses, exposures and trends. This stochastic methodology enables the calculation of result distributions and probabilities.