OREANDA-NEWS. January 21, 2011. Ingosstrakh OJSIC won the tender of federal state unitary enterprise Kosmicheskaya svyaz. The company insured seven space vehicles (SV): Express-АМ1, Express-АМ2, Express-АМ3, Express-АМ22, Express-АМ33, Express-АМ44 and Express-МD1. The total insurance sum amounts to 8.4 bln rubles.

The space vehicles are insured from full or partial destruction during operation in orbit. Reinsurance of risks is performed on the international and Russian insurance markets.

Let us remind you that Ingosstrakh OJSIC has traditionally been an insurer of space risks of Kosmicheskaya svyaz FSUE since 2004. During cooperation with Ingosstrakh OJSIC, the following vehicles have been insured: SV Gorizont No. 45, SV Express-А1, SV Express-А2, SV Express-А3, SV Express-АМ1, SV Express-АМ2, SV Express-АМ3, SV Express-АМ11, SV Express-АМ22, SV Express-АМ33, SV Express-АМ44, SV Express-МD1.

Ingosstrakh OJSIC has a considerable experience of both insurance and settlement of losses related to the risks of SV operation in orbit. One of the largest payments in the history of Russian insurance was the loss of the Kupon space vehicle that belonged to Central Bank of the RF, with the amount of compensation of over USD 80 mln in 1998. And in 2009, Ingosstrakh OJSIC paid Kosmicheskaya svyaz FSUE 1.071 bln rubles. The payment was made in connection with partial destruction of the space vehicle Express-АМ2 due to an abnormality in the work of solar panels pivot mechanism.

In 2006, the insurance company made a payment of over USD 1.5 mln in connection with breakdown of correction engines on SV Express-А1Р. And in 2000 it reimbursed the loss in the amount of USD 12.5 mln in connection with the destruction of SV Express-А1 due to an accident of the Proton carrier rocket.