ID :
115633
Thu, 04/08/2010 - 15:56
Auther :
Shortlink :
https://oananews.org//node/115633
The shortlink copeid
Yahsat secures first-ever Sharia compliant space insurance
Abu Dhabi, April 8, 2010 (WAM)- Al Yah Satellite Communications Company PrJsc (Yahsat) has successfully secured the first ever Shariah compliant space insurance policy. The insurance solution, which was specifically developed to meet Yahsat's needs, covers the launch and in-orbit operations of Y1A and Y1B, the Yahsat satellites scheduled to be launched in 2011.
Methaq Takaful Insurance Company and ElseCo Company, both companies based in the UAE, provided the insurance coverage. Willis Inspace, the specialised space division of the London based insurance broker Willis Limited, designed the Takaful insurance coverage.
The uniquely crafted insurance solution was a seamless fit with the innovative technology, deep regional insights and fresh approach that Yahsat will bring to the markets and the customers that it will serve.
Methaq Takaful Insurance Company and ElseCo Company, both companies based in the UAE, provided the insurance coverage. Willis Inspace, the specialised space division of the London based insurance broker Willis Limited, designed the Takaful insurance coverage.
The uniquely crafted insurance solution was a seamless fit with the innovative technology, deep regional insights and fresh approach that Yahsat will bring to the markets and the customers that it will serve.
