Innovative Space Carrier Inc.(Chuo-ku, Tokyo; CEOKojiro Hatada), a start-up company that aims to realize a transportation system that enables space reusable, has concluded a comprehensive collaboration agreement with Mitsui Sumitomo Insurance Company, Limited (Chiyoda-ku, Tokyo; Shinichiro Funabiki, President; hereinafter "Mitsui Sumitomo Insurance") to promote business and technology development related to space transportation and the use of insurance. Ltd. (Chiyoda-ku, Tokyo; President: Shinichiro Funabiki; hereinafter referred to as "Mitsui Sumitomo Insurance") to promote business and technological development and insurance utilization for space transportation.
◾️ Background
WE ARE "A WORLD WHERE PEOPLE AND CARGO ARE DELIVERED EVERY DAY. OUR VISION IS "TO MAKE SUCH A WORLD WHERE PEOPLE AND CARGO ARE DELIVERED EVERY DAY, EVEN IN SPACE. REUSABLEOUR ULTIMATE GOAL IS TO DEVELOP A REUSABLE SMALL SPACE TRANSPORTATION VEHICLE WITHIN THE NEXT FIVE YEARS, WITH THE AIM OF CONDUCTING HIGH-FREQUENCY SPACE TRANSPORTATION USING A FULLY REUSABLE SINGLE-STAGE SPACECRAFT (SSTO) IN THE 2040S. TO REALIZE THIS GOAL, IT IS NECESSARY TO STUDY EFFICIENT OPERATION MECHANISMS THAT ENSURE SAFETY AND RELIABILITY FROM THE INITIAL STAGE OF DEVELOPMENT.
MITSUI SUMITOMO INSURANCE WAS THE FIRST COMPANY IN JAPAN TO UNDERWRITE SPACE INSURANCE IN 1975. SINCE THEN, MSI HAS BEEN ACTIVELY INVOLVED IN SPACE INSURANCE, SUCH AS PROVIDING THE WORLD'S FIRST "MOON INSURANCE" AND INITIATING CO-CREATION ACTIVITIES OF "SPACE TRAVEL INSURANCE BUSINESS" WITH JAXA UNDER THE FRAMEWORK OF "JAXA SPACE INNOVATION PARTNERSHIP (J-SPARC)". IN ADDITION, MHI AND JAXA HAVE AGREED TO JOINTLY STUDY THE ASSESSMENT AND MANAGEMENT OF VARIOUS BUSINESS RISKS IN TERMS OF BOTH BUSINESS AND TECHNOLOGY FOR THE REUSABLE SPACE TRANSPORTATION VEHICLE TO BE DEVELOPED BY MHI.
◾️ Considerations
(1) Assessment and management of various risks associated with space transportation projects
(2) Assessment and management of various technical risks associated with the development and operation of space vehicles
(3) Involved in various insurance policies that transfer the risks of space transportation business and technology
(4) Involved in social implementation of space transportation and insurance in this area
◾Outline of Mitsui Sumitomo Insurance Co.
MITSUI SUMITOMO INSURANCE WAS FORMED IN OCTOBER 2001 THROUGH THE MERGER OF MITSUI MARINE AND SUMITOMO INSURANCE; IN APRIL 2008, THE COMPANY SHIFTED TO A HOLDING COMPANY STRUCTURE WITH THE AIM OF ACHIEVING A HIGHER LEVEL OF BUSINESS DIVERSIFICATION THROUGHOUT THE GROUP. IN APRIL 2010, MITSUI SUMITOMO INSURANCE GROUP, AIOI INSURANCE, AND NISSAY DOWA GENERAL INSURANCE MERGED TO FORM THE MS&AD INSURANCE GROUP.
In addition to automobile, fire, and personal accident insurance, the company also offers space insurance for satellite launches.
URL: https: //www.ms-ins.com/
Special website for space insurance: https://www.ms-ins.com/special/space/
◾️Our Company
Corporate Name Innovative Space Carrier Inc.
English name Innovative Space Carrier Inc.
Representative CEOKojiro Hatada
Head office address 1-4-1 Nihonbashi, Chuo-ku, Tokyo
Date of Establishment May 2, 2022
Capital 310,000,000 yen (including capital surplus)
Business Description Planning and study for commercialization of innovative space transportation systems