Mieru-ka project (visualization) of biodiversity in Japan

2022.11.22

Since 1992-the year of Convention on Biological Diversity, the biodiversity has become more and more important in the world. And how we figure out the number of the wild species is very fundamental to achieve the goals of CBD. Some species are counted by seeing visually, and some by speculation. Both methods rely on the data we inherited from the past. However, it is yet a little challenging to humans to grasp the entire number of them, because many ecologies are still hidden to us. Therefore, the new tech of the biodiversity map must be an innovated tool for nations to grasp the numbers of wild species and make more ...

The first license for the exploration and development of space resources

2022.11.07

The Japanese Diet passed the Space Resources Act on June 15, 2021 and the Act came into force on December 23, 2021. The Act allows persons (including private entities) to explore, extract and use “space resources” meaning water, minerals and other natural resources that exist in outer space, including the Moon and other celestial bodies. Under the Act, a person who intends to obtain a license (which is stipulated in Article 20, paragraph (1) of Space Activity Act) for the control of spacecraft which is exercised over a spacecraft for the purpose of the exploration and development of space resources (such license is defined as the “License for the Exploration ...

Development of the World’s First Lunar Insurance

2022.10.19

On Oct. 7, 2022, Mitsui Sumitomo Insurance Co. Ltd., one of the major Japanese insurance companies (“Mitsui Sumitomo Insurance”), and ispace, inc., a Japanese lunar exploration company (“ispace”), announced that they jointly developed the world’s first “lunar insurance” that seamlessly covers the entire process from the launch of the rocket to the landing on the moon. This lunar insurance was developed with ispace’s lunar development mission in mind, but it appears that Mitsui Sumitomo Insurance intends to add the same type of insurance to its product lineup and offer it to companies that are planning to conduct lunar development projects. According to published information, this lunar insurance is designed to ...

Space-related Insurance in Japan

2022.06.08

Recently, several major Japanese insurance companies have started working on various projects related to space insurance as follows: Tokio Marine & Nichido Fire Insurance Co., Ltd. launched a “space project” on April 1, 2022, aiming to contribute to the growth and development of the space industry. On April 21, 2022, the company announced the joint development of a “Lunar Insurance” to support lunar exploration with Beazley PLC in the UK, one of the major players in the international space insurance market. On April 21, 2022, Mitsui Sumitomo Insurance Co. Ltd. and ispace, inc., a Japanese lunar exploration company, announced that they had signed a Memorandum of Understanding (MOU) to create ...