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 ...