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 ...