11:58 - 5.07.2023

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July 5, Fineko/abc.az. Space agency Azercosmos (under the Ministry of Digital Development & Transport) will receive payments from more than 15 insurance companies for Azersky satellite, which completed the mission a year ahead of schedule, ABC.AZ reports, quoting Azercosmos’ chairman of board Samaddin Asadov.

“We’ve already started work on receiving insurance payments for Azersky remote Earth observation satellite. The process will be finished by the end of the year. It should be taken into account that more than 15 insurance companies participate in the insurance process. We brought the satellite to the international market through PAŞA Sığorta OJSC. Our clients were the largest reinsurance companies in the world. Each of them has international rating of category A+. The reason this process takes a long time is because companies have a lot of questions to answer. After that, insurance payments will be made through PASHA Sığorta," he emphasized.