|
LASACO Assurance
Plc has been appointed to lead 23 Nigerian Insurance companies
participating in the insurance of another satellite, Nig Comsat
1R, to be launched by Nigeria before the end of the year. This
satellite would be launched by the Nigerian Communication
Satellite Limited.
This is following
the insurance of Nig. Sat 2 and Nig. Sat NX, which were recently
launched into space in Yasney, Russia.
LASACO Assurance
led the 23 insurers to provide cover for the satellites, which
are now in orbit.
According to the
Managing Director of the company, Mr. Olusola Ladipo – Ajayi,
the risks covered are in two parts: the Launch and in – orbit
risks. He said the in – orbit risks would last for 12 months
from the date of the launch, adding that the cover were
renewable annually thereafter.
He commended the
Federal Government and its space agencies for involving
Nigerians in the activities in space.
He also
congratulated Nigerian Scientists on National Space Research and
Development Agency, who took part in the building of Nig.Sat NX.
He said, “This feat
has challenged Nigerian insurance companies to follow them into
space.”
He expressed the
hope that whenever Nigeria would send its first astronauts into
space. LASACO Assurance and the other insurance companies would
be ready to cover the venture.
Ladipo – Ajayi
stated that “special risks are not usually domiciled within any
one country”. He said, “They are normally placed in the
international market, where the risks are shared by companies
from different parts of the globe. It is, however, important
that Nigerian companies should participate in the risks, which
Nigeria is introducing into the international market. With
these, the performance of Nigerian insurers would be gauged by
the international insurance community as an actual step in their
integration into the market as key players.”
The LASACO boss
also noted that this would encourage Nigerian Companies to meet
other standard requirements to facilitate their integration.
He commended the
National Insurance Commission for steering the industry in this
direction. |
