News

Insurance

Staff Reporter

, Japan

Published:

2 years ago

From L to R: Shigeo Saito, Deputy President and Senior Managing Executive Officer of Sompo Japan and Masatoshi Nagasaki, Co-Founder & CEO of Space BD (Photo credits Sompo Japan)

Sompo Japan and Space BD cooperate for satellite launch cover

The partnership also hopes to create a cover for lunar transportation.

Sompo Japan Insurance Inc., together with a one-stop shop solutions provider for issues related to the industrialisation of space, Space BD has announced a partnership that will provide special cover for satellite launches in space.

The aim of the collaboration is to contribute to the development of space with their new service Re-flight Guarantee Program.

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This program provides customers with another launch opportunity in the event of a launch failure. Customers can apply for this program as an optional plan in the satellite launch service provided by Space BD. The cost of another launch incurred by Space BD will be insured by Sompo Japan.

Sompo Japan and Space BD also plans to expand the scope of their services to lunar transportation, which they expect to expand in the future.

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