RUSSIA: SOGAZ expects systemic approach to insurance of space risks

SOGAZ looks forward to a systemic approach in the space risk insurance segment, the company informed.

The concept of property risk insurance during the government-financed launches, flight tests and on-orbit operation of spacecraft was developed by the Federal Space Agency of the Russian Federation (ROSCOSMOS) in 2014.

In 2014, SOGAZ maintained the status of a leader in the market of space risk insurance increasing insurance premiums almost 6 times to RUB 5.7 billion. Read the full story
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