Satellite insurance seminar

JAKARTA (JP): PT Satelit Palapa Indonesia (Satelindo), a private telecommunications operator, will hold a satellite insurance seminar tomorrow to encourage the country's insurance industry to move into satellite insurance.

Satelindo President Iwa Sewaka said yesterday that even now the domestic satellite insurance industry was dependent on the international satellite insurance market.

"Satellite is one of the most sophisticated technological equipment within telecommunications. Through satellite insurance cover, companies can protect themselves from risks whether in the construction, delivery, launching or in-orbit phase," he said.

Speakers at the seminar to be held at the Holiday Inn Crowne Plaza in Jakarta include Iwa, Sophar L. Toruan of the Directorate General of Financial Institutions, John S. Korda of Telesat Canada and PT Reasuransi Umum Indonesia's Frans Y. Sahusilawane. (icn)