iSpace reaches agreement with Mitsui Sumitomo to become first user of commercial lunar insurance
Mitsui Sumitomo Insurance Co., Ltd. ("MSI"), a subsidiary of MS&AD Insurance Group Holdings, Inc. based in Tokyo, Japan, has reached an agreement with ispace, inc. (ispace), a global lunar exploration company, to provide the world's first "Lunar Insurance" policy that comprehensively covers risks arising from ispace's Mission 1, from the launch of the rocket to the lunar landing. The agree