Ancap Agency

Private space travel and tourism is already regarded as fact by the insurance industry and business.  A panel discussion at the annual meeting of the Federal Aviation Administration Commercial Space Transportation Conference, the participation of experts from business and commercial insurance, said that the cost of action was probably very high in the first few years until a successful experiment created for private space tourism companies.   Raymond Duffy, vice president of Willis InSpace New York, said that insurance premiums would be unusually high trading companies at the beginning and only reduced significantly, if confirmed positive results space safely and successfully.  He even suggested that the premature failure of aeronautics and space tourism, it would be virtually impossible for industry to get new insurance at all, should be personal spaceflight companies should diversify their risks as much as possible in the industry. However, he concluded that time, the insurance industry and commercial space orgranisations ways to reduce risks and manage to negotiate the total cost.   Another delegate proposed the conference, Ralph Falcon Insurance Harp that the personal spaceflight companies present a clear and detailed picture of their intentions, as it needs to their first customers into space to send the pipeline. With so little knowledge of the international space program, the insurers have very little information to assess the risks involved in the affairs of the subscription of any proposed commercial space.

Discuss the problem with the placement of commercial insurance for private space travel after the conference,  said George Whitesides, senior advisor to Virgin Galactic Space News that his company already had positive discussions with the insurers. Insurers said the Virgin had presented a business model, she told looked sustainable. It will certainly be interesting to see who go to the first commercial insurance market, where the insurer gone before.

Back to March 2007 reported that BUPA travel insurance, the market space tourist believes that her next project in the field of commercial insurance.
A spokeswoman said BUPA Travel:  We are looking at space tourism as a market for the next generation of travelers, especially as Russian cosmonauts have already taken tourists to space.

The spokesman added:  We provide insurance protection for people in 190 countries, which would not add a big step into space to the list.
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