Evolution of an ADR Business Model
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Download PDF (77.1
Index Abraham, K.S. 133 Beck, Ulrich 129 absorbing risk 133 behavioral anomalies 6, 84–9, 243–4 actuarial estimation 109–10 behavior-control functions 106 ad hoc Beijing Normal University 90, 189, assistance 196 235 compensation tool 45 Ben-Shahar, Omri 134 direct payment 40, 169, 207 Biggert-Waters Flood Insurance institutions 30 Reform Act of 2012 69, 152 relief 71, 97 Bruggeman, Véronique 95 adaptation 253 business interruption 104 and climate change 103, 164 adverse selection 5, 13, 47, 54, 66–8, California Earthquake Authority 55, 75, 81–2, 97, 99, 111, 127, 140, 142 162, 246 capacity (of insurers) 6–8, 11, 19, 30, AES v Steadfast 116–19 53, 63–6, 82–4, 89–91, 96, 113, agricultural insurance 122–3, 126, 136, 152, 161–2 173, government-subsidized 50 176, 179–80, 217, 222, 225, 227–8, pilot projects 49 242–3, 249–52 policies 49, 50 and reinsurance 199, 206–8, 215 Regulation on Agriculture Insurance capacity gap 82, 228, 242, 252 50, 94 capital markets 11, 53, 54, 59, 64–5, aircraft insurance 110 212, 217–8, 221, 226–40 all-hazard insurance policy 245 Caribbean Catastrophe Risk Insurance Alternative Risk Transfers (ARTs) 217, Facility 60 221, 236 catastrophe (cat) bonds 3, 113, 182, ambiguity of risk 112–13 212 217–40 see also uncertainty see also insurance-linked securities, American International Group (AIG) insurance securitization 1, 104 catastrophe derivatives 182, 221–2 “appetite” of insurers 84 catastrophe disasters 5, 8, 12–6, 72, 74, Arrow, Kenneth 35 92, 102, 155, 171–3, 255–6 asbestos claims 108–9 see also natural catastrophes assessment insurance 110 catastrophe fund 142, 210–12, 254 asset-backed securitization 237 catastrophe insurance 6, 8–11, 13–4, Association of British Insurers (ABI) 44, 73, 80, 89–99, 103, 105, 108, 148, 149 112–14, 121–8, 129–175, 208–9, authoritarian regime 7, 33 212–5, 216 availability crisis 52 affordability 63, 66, 69–70, 125, 127–8 174, 206, 250, 256 Baker, Tom 133, 134 demand 84–9, 92–3 Barry, D. -
To Secure Long-Term Spaceflight Safety and Orbital Sustainability for the Benefit of Future Generations the Impact of Space Debris
To secure long-term spaceflight safety and orbital sustainability for the benefit of future generations The impact of space debris Our growing reliance on satellite services 1 active satellite 1957 1,950 active satellites 2019 20,000+ active satellites by 2030 67,000 collision alerts per year very day billions of people around the world rely One of the key ways to reduce the risk of collision in on data from satellites to go about their lives. We orbit is to remove potential threats. Designing and Eexchange messages, talk to family and friends, building a satellite to identify, track, rendezvous, dock check the weather, manage finances, and undertake and de-orbit a piece of debris is an extraordinarily numerous other tasks. In addition, satellites are used difficult technical task on its own. However, developing to manage and mitigate natural disasters, monitor the an orbital debris removal business involves more than Earth’s climate and well-being and provide information just creating the technical solution. We now need a for national security. In short, without satellite data, the consistent global effort to shape regulations and a lives of people around the world would be dramatically vibrant ecosystem that assures a business case. At different. And now the source of this data is at growing Astroscale we are working these important tasks risk of being destroyed by space debris. – developing the technologies, working with the policymakers and closing the business case – that will We don’t see these satellites and the millions of pieces allow for a long-term orbital debris solution. -
Astroscale’S Vision for Active Debris Removal Services
Towards Global Space Sustainability – Astroscale’s Vision for Active Debris Removal Services Speaker Dr Jason Forshaw MEng MS (Stanford) PhD CEng MIEEE SMAIAA European R&D Manager, Astroscale Holdings United Nations World Space Forum Vienna, Austria 20th November 2019 ©Astroscale Space Debris Threatens Space Sustainability 1950 2018 Astroscale: An International Company Solving a Global Problem • Astroscale’s mission is to secure long-term spaceflight safety and orbital sustainability for the benefit of future generations • Our services include End of Life (including large constellations) and Active Debris Removal Growing Team, Increased Fundraising and Expanded Global Presence 80 140 D2: $32M 70 72 120 Funds raised: 60 55 D: $50M $140 million 100 50 Astroscale Singapore Astroscale Japan - Tokyo Astroscale UK - Harwell May 2013 May 2015 May 2017 Global staff: 80 40 95 people 60 30 32 C: $27M Staff members Staff 20 20 40 15 B: $20M 10 5 20 US$) (in raised Money A: $7M 1 Astroscale US – Denver 0 April 2019 0 2013 2014 2015 2016 2017 2018 2019 2020 Personnel Fundraising ©︎Astroscale 3 Astroscale is actively addressing the orbital debris problem Business Case Technology & Policy & Capability Regulation Business – Business Lines End of Life (EOL) Active Debris Removal (ADR) Services “Don’t add any more debris” “Remove debris that is already there” Potential customers Constellations, Private Satellite Operators Governments, International framework Target Objects - Satellites that have failed in orbit or reached - Environment Critical Objects end of operational lifetime - Existing debris - 50~500kg - 500kg+ - Business continuity and maximize revenue - Demonstrate commitment to orbital - Adhere to best practices and public sustainability demands - Assure spaceflight safety for all operators Rationale Global Responsibility Technical concept Semi-cooperative approach and capture Non-cooperative approach and capture ©︎Astroscale 5 Business – Market Demand • Astroscale is tracking 120+ 80 satellite constellations. -
Trends in Small Satellite Technology and the Role of the NASA Small Spacecraft Technology Program
Trends in Small Satellite Technology and the Role of the NASA Small Spacecraft Technology Program Final Update to the NASA Advisory Committee Technology, Innovation and Engineering Committee March 28, 2017 Bhavya Lal, Asha Balakrishnan, Alyssa Picard, Ben Corbin, Jonathan Behrens, Ellen Green, Roger Myers Reviewers: Brian Zuckerman, Mike Yarymovych, Iain Boyd, Malcolm MacDonald Project Goal Given investments outside STMD, and NASA’s mission needs, what is the “the appropriate, discriminating role for STMD vis-à-vis all the other organizations that are developing small satellite technology?” 2 Overall Approach • Examined smallsat developments • Scope – State-of-the-art and activities outside – STMD’s Small Spacecraft Technology STMD Program (SSTP) supplemented by other – Evolution of the ecosystem: players STMD efforts and markets – Did not conduct an evaluation – Drivers of future activities: • No comment on adequacy of funding infrastructure, policies, investment levels • Analyzed STMD’s current and • Definition of a small spacecraft or emerging smallsat portfolio smallsat • Identified NASA’s small spacecraft – Considered several metrics – mass, cost, innovation approach (“lean needs, both user driven (tech satellite”) pull) and technology driven (tech – Settled on mass with upper limit ~200 push) kg • Identified gaps and made • With exceptions up to 500 kg as needed recommendations 3 Data Sources • Reviewed the literature • Conducted 57 stakeholder – National Academy of Sciences discussions CubeSat Report (2016) – Industry representatives -
World's First Commercial Satellite Tracking Sub
FOR IMMEDIATE RELEASE World’s First Commercial Satellite Tracking Sub-Millimeter Sized Debris IDEA OSG 1 Scheduled to Launch on November 28 November 2, 2017 – ASTROSCALE PTE. LTD. (ASTROSCALE), a company with a mission to secure long-term spaceflight safety by developing debris monitoring and removal services, will launch IDEA OSG 1 on November 28 at 14:41:46 (JST) from Russia’s Vostochny Cosmodrome with the Russian State Space Corporation Roscosmos meteorology mission Meteor-M №2-1. Shipped from Japan in the end of September, IDEA OSG 1, the world’s first in-situ space debris monitoring microsatellite in low- Earth orbit, now awaits checkout before rocket integration at the launch site. As the first private company to attempt to mitigate space debris through technology, business model, and regulatory solutions, ASTROSCALE plans to contribute to the sustainable use of space. Founded in 2013, ASTROSCALE’s first satellite took only two and half years to manufacture from its conception. The microsatellite will be placed in an elliptical low-Earth orbit at an altitude of 600 - 800km, and will monitor the size and position of space debris to create debris distribution maps to better understand the space environment. The launch details of IDEA OSG 1 are as follows: Launch Date: November 28, 2017 (JST) Launch Time: 14:41:46 (JST) Launch Station: Vostochny Cosmodrome, Russia *Launch date and time are subject to change. IDEA OSG 1 Official Sponsors OSG Corporation https://www.osg.co.jp/en/ POCARI SWEAT (Otsuka Pharmaceutical Co., Ltd.) https://www.otsuka.co.jp/en/product/pocarisweat/ Copyright © ASTROSCALE Pte. -
Incentives and Barriers of the Cyber Insurance Market in Europe June 2012
Incentives and barriers of the cyber insurance market in Europe June 2012 Incentives and barriers of the cyber insurance market in Europe I Acknowledgements This Study was commissioned and managed by ENISA with specialist services provided by RAND Europe. ENISA would like to thank Mr. Neil Robinson for his professionalism and dedication to this project. In addition, ENISA wishes to acknowledge and thank Prof. Robin Bloomfield of City University of London, Mr. Andrea Renda of CEPS, Mr. Michael Mainelli of Z/Yen, Mrs. Simona Cavallini and Mr. Fabio Bisogni of Formit Foundation for their prompt support, valuable input and material provided for the compilation of this Study. II Incentives and barriers of the cyber insurance market in Europe About ENISA The European Network and Information Security Agency (ENISA) is a centre of network and information security expertise for the EU, its member states, the private sector and Europe’s citizens. ENISA works with these groups to develop advice and recommendations on good practice in information security. It assists EU member states in implementing relevant EU legislation and works to improve the resilience of Europe’s critical information infrastructure and networks. ENISA seeks to enhance existing expertise in EU member states by supporting the development of cross-border communities committed to improving network and information security throughout the EU. More information about ENISA and its work can be found at www.enisa.europa.eu Contact details For contacting ENISA or for general enquiries on this Study on cyber insurance market in Europe please contact Nicole Falessi and Dr. Konstantinos Moulinos and use the following details: Resilience and CIIP Program Technical Department Email: [email protected] Incentives and barriers of the cyber insurance market in Europe III Legal notice Notice must be taken that this publication represents the views and interpretations of the authors and editors, unless stated otherwise. -
Astroscale Awarded Grand Prix at the UNESCO Netexplo Innovation Forum 2020
FOR IMMEDIATE RELEASE Astroscale Awarded Grand Prix At The UNESCO Netexplo Innovation Forum 2020 September 22, 2020 - Astroscale Holdings Inc. (“Astroscale”), the market-leader in securing long-term orbital sustainability, was today awarded Grand Prix during the UNESCO Netexplo Innovation Forum 2020, out of 10 breakthrough digital innovations which were selected for their disruptive potential. Netexplo, an independent observatory that studies the impact of digital tech on society and business, has been a UNESCO partner since 2011. This year’s UNESCO Netexplo Innovation Forum showcased 10 breakthrough digital innovations with the potential of profound and lasting impact on digital society. The innovations were identified worldwide through a year-long search by the Netexplo University Network, made up of globally renowned universities in the technology domain. Astroscale won Grand Prix for its innovative satellite technologies that will reduce orbital debris and support the long-term, sustainable use of space. “We are truly honored to be named Netexplo Grand Prix 2020, and I share this win with everyone on our team working hard on the technology, policy and business case challenges of this complex, global issue,” said Nobu Okada, Founder & CEO. “I am encouraged to see what’s happening in Earth’s orbits as having a profound and positive impact on society. Right now COVID-19 and countless environmental catastrophes are wreaking havoc all over the globe, and we’re committed to stopping another potential disaster from unfolding over our heads.” The rise of large commercial satellite constellations in low Earth orbit (LEO) means that the threat of a potential collision or break-up in key orbits will escalate. -
Securing Japan an Assessment of Japan´S Strategy for Space
Full Report Securing Japan An assessment of Japan´s strategy for space Report: Title: “ESPI Report 74 - Securing Japan - Full Report” Published: July 2020 ISSN: 2218-0931 (print) • 2076-6688 (online) Editor and publisher: European Space Policy Institute (ESPI) Schwarzenbergplatz 6 • 1030 Vienna • Austria Phone: +43 1 718 11 18 -0 E-Mail: [email protected] Website: www.espi.or.at Rights reserved - No part of this report may be reproduced or transmitted in any form or for any purpose without permission from ESPI. Citations and extracts to be published by other means are subject to mentioning “ESPI Report 74 - Securing Japan - Full Report, July 2020. All rights reserved” and sample transmission to ESPI before publishing. ESPI is not responsible for any losses, injury or damage caused to any person or property (including under contract, by negligence, product liability or otherwise) whether they may be direct or indirect, special, incidental or consequential, resulting from the information contained in this publication. Design: copylot.at Cover page picture credit: European Space Agency (ESA) TABLE OF CONTENT 1 INTRODUCTION ............................................................................................................................. 1 1.1 Background and rationales ............................................................................................................. 1 1.2 Objectives of the Study ................................................................................................................... 2 1.3 Methodology -
Astroscale Advances On-Orbit Servicing Technologies with Mitsubishi Heavy Industries and the Government of Japan
FOR IMMEDIATE RELEASE Astroscale Advances On-Orbit Servicing Technologies with Mitsubishi Heavy Industries and the Government of Japan Jul. 27, 2021 – Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long- term orbital sustainability across all orbits, today announced Astroscale Japan Inc. (“Astroscale Japan”) has signed a Memorandum of Understanding with Mitsubishi Heavy Industries, Ltd. (“Mitsubishi Heavy Industries”) to cooperate on active debris removal and other projects for improving space environmental protection, marking the first collaboration between Astroscale and a launch services provider. Astroscale Japan has also been selected by the Government of Japan’s Ministry of Economy, Trade, and Industry (“METI”) to research and develop robotic hand and arm technologies that can be affixed to spacecraft to perform complex servicing activities in orbit and in lunar environments. “Active debris removal and robotic technologies are paving the way for on-orbit services that will form the infrastructure of the global space economy,” said Nobu Okada, Founder & CEO of Astroscale. “Astroscale is leading the on-orbit servicing market and providing options, which have not been available until now, for satellite and launch vehicle operators to reduce risk and increase ROI. I would like to thank Mitsubishi Heavy Industries, the Ministry of Economy, Trade, and Industry, and the Astroscale team — through these collaborative efforts between industry and government, we can accelerate actions toward an era of space sustainability, while expanding on-orbit servicing business opportunities.” The collaboration with Mitsubishi Heavy Industries will leverage Astroscale’s on-orbit servicing technologies and Mitsubishi Heavy Industries’ launch vehicle manufacturing and launch services capabilities to cooperate on the technical aspects required to advance sustainable space operations. -
Covering the Increased Liability of New Launch Markets
32nd Space Symposium, Technical Track, Colorado Springs, Colorado, United States of America Presented on April 11-12, 2016 COVERING THE INCREASED LIABILITY OF NEW LAUNCH MARKETS Robert Williams, [email protected] Kevin Walsh, [email protected] ABSTRACT The next generation space race prize is the integration of space dependent technology reliably in modern society. This paper is offered as an examination of an expanding diverse space launch industry as well as the necessity for increased capacity of resources in the underwriting space. Consumers are already space application dependent. There are 1 billion GPS receivers already deployed and expected to grow to 7 billion by 2022. As an example, satellites transformed 800 analogue channels in 1991 to more than 25,000 digital channels today. Without GPS, money isn’t accessible from an ATM. Space plays a greater role in day-to-day life and liability coverage will become more important. If a satellite fails for example, businesses relying on satellite services to function may want to claim for lost income or expenses incurred. Growth of space business has been characterized by a shift away from military and the public over to the private sector. Space activity was largely funded through government bodies such as NASA, the European Space Agency or the Japanese Space Agency. With recent estimates by the Satellite Industry Association placing cumulative satellite industry revenues at over $195.2 billion, a number of private companies are successfully entering the space industry and space application world. Governments and space agencies, which were ordering and building space hardware themselves, are now shifting towards buying services from private companies. -
INCJ to Make Follow-On Investment in Astroscale Pte. Ltd. Aiming to Commercialize Space Debris Removal
News Release INCJ to make follow-on investment in Astroscale Pte. Ltd. Aiming to commercialize space debris removal Tokyo, October 31, 2018 – INCJ Ltd. (‘INCJ’) announced today its decision to make a follow- on investment, through third-party share allocation, of up to US$35 million in Astroscale Pte. Ltd. ("Astroscale"), and the completion of US$25.5 million of this phased investment. Astroscale is engaged in the development of space debris* removal technologies and other space-related services. In addition to existing shareholders, new investors in this round of financing include funds operated by SBI Investment Co., Ltd and Mitsubishi Estate Co., Ltd.. *Space debris includes decommissioned satellites, spent rocket stages and other orbiting inoperative manmade objects or fragments of such objects produced through collisions. There are currently more than 750,000 pieces of space debris measuring more than one centimeter surrounding the Earth, and the number is rapidly increasing. Their presence puts at risk the satellites that are an essential part of our everyday lives, and represents a threat to the utilization of outer space. Recognizing that the continued utilization of space depends on the removal of space debris and containment of its growth, European and US space agencies have developed guidelines for space debris removal, and interest in the issue is growing internationally. Astroscale, a space-industry startup, was established with the aim of commercializing the removal of space debris to ensure more sustainable space exploration. Accelerating development since its establishment in 2013, Astroscale currently has two business pillars: a service to remove defective satellites which will be compatible with satellites launched in the future, and a service to remove large-scale space debris currently in orbit. -
DB MF PW RCSTD 0314.Pdf
DB/MF/PW/RCSTD/0314 10 things to do before you go Important 1. Check the Foreign and Commonwealth Office (FCO) travel Under the new travel directive from the European Union (EU), advice online at www.gov.uk/knowbeforeyougo. you are entitled to claim compensation from your airline if any of the following happen. 2. Get travel insurance and check that the cover is appropriate. 1. You are not allowed to board or your flight is cancelled. If you check-in on time but you are not allowed to board 3. Get a good guidebook and get to know the place you are because there are too many passengers for the number of going to. Find out about local laws and customs. seats available or your flight is cancelled, the airline operating the flight must offer you financial compensation. 4. Make sure you have a valid passport and any visas you need. 2. There are long delays. If you are delayed for two hours or more, the airline must 5. Check what vaccinations you need at least six weeks before offer you meals and refreshments, hotel accommodation you go. and communication facilities. If you are delayed for more than five hours, the airline must also offer to refund your 6. Check to see if you need to take extra health precautions ticket. (visit www.nhs.uk/travelhealth) 3. Your baggage is damaged, lost or delayed. 7. Make sure whoever you book your trip through is a If your checked-in baggage is damaged or lost by an EU member of the Association of British Travel Agents (ABTA) airline, you must make a claim to the airline within seven or the Air Travel Organisers' Licensing scheme (ATOL).