Satellite insurance seminar

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)