[ad_1]
Tokyo (JAXA / Mitsui Sumitomo Insurance Co. PR) –– Sumitomo Mitsui Marine Fire Insurance Co., Ltd. (President: Shinichiro Funabuchi) MS & AD Insurance Group and Japan Aerospace Exploration Agency (JAXA, Chairman: Hiroshi Yamakawa) aims to create space-related businesses with new ideas. Under the framework of “JAXA Space Innovation Partnership (J-SPARC)”, we started cooperation activities related to “Space Travel Insurance Business” in July 2022.
Details of joint creative activities
Currently, insurance for space travel is not yet consolidated. The reason is none other than the little space travelers. In such circumstances, 2021 was called “the first year of space travel”, and for the first time in history the number of astronauts exceeded the number of professional astronauts. Now that space travel by various means is real or planned, space travel insurance is needed to meet the needs. Sumitomo Mitsui Marine and JAXA are jointly creating “space travel insurance product development” and “support for expanding the space travel market” and activities related to the creation and distribution of the now needed “space travel insurance”. It adds peace of mind to space travel and contributes to the expansion of the human economic ecosystem.
Space travel insurance product development
There are different types of “space travel” such as 100 km altitude excursions, multi-day Earth orbits, and long-term missions on the International Space Station (ISS). he said. We work collaboratively to develop the best space travel insurance based on each individual’s needs and concerns.
Support for expanding the space travel market
Everyone can go to space easily and comfortably by partnering with companies related to space travel, such as Spaceport, human space development companies, and travel agencies. We support and help to expand the necessary market.
Since 2015, Mitsu Sumitomo Insurance has been managing the Space Frontier Fund through Sparks Group Co., Ltd. It invested in the established Space Frontier Fund and placed space insurance agents in foreign countries to cover the risks of landing ships on the moon. We are actively involved in the space industry. Using that knowledge and experience, through this collaborative innovation activity, based on the information provided by JAXA and the needs of related companies, we will quantitatively and qualitatively understand the risks associated with space travel and design the best insurance. to work.
JAXA is celebrating 30 years since astronaut Mamoru Mohri entered the space shuttle, and based on the accomplishments of manned space missions accumulated during that time, it can happen during the cycle of training, launch, stay on the ISS and return. It provides information about events and expectations. In addition, through this co-innovative activity, we will gain knowledge of risk perception and quantification methods developed in the insurance industry and use them for artificial spatial duration.
Through this collaborative innovation initiative, Mitsu Sumitomo Insurance and JAXA have created insurance suitable for the age of space travel, for an era where everyone can go to space with peace of mind.
JAXA Space Innovation Partnership (J-SPARC)
J-SPARC begins with a dialogue between private businesses in the space industry and JAXA, and jointly examines both parties’ commitment to commercialization, business concepts, and exits. This is a program to create new businesses by developing and demonstrating focused technologies. Since May 2018, we have been promoting more than 30 projects and activities so far.
[ad_2]
Source link
