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| 1 |
ID:
120102
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| Publication |
2012.
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| Summary/Abstract |
The history of the satellite insurance market indicates that this market experiences crises and booms in profitability and prices that repeat in a manner suggestive of cycles. The purpose of this article is to rigorously investigate cyclicality of these and other features of the satellite insurance market and assess their volatility formally. Using data from 1968 to 2008, volatility and cyclicality are analyzed for satellite insurance market capacity, rates, and underwriting results, among other measures. The coefficient of variation for the various satellite insurance market metrics is used to assess volatility. Standard underwriting analysis is used to determine whether a cycle exists for various insurance metrics. The results indicate that some aspects of the satellite insurance market are volatile (e.g. claims) or cyclical (e.g. rates), while capacity is both volatile and cyclical.
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| 2 |
ID:
120654
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| Publication |
2013.
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| Summary/Abstract |
Poland has a long-standing tradition in space activities. Polish institutions have participated as co-investigators in almost all European Space Agency (ESA) science projects, as well as on many other missions. However, the first Polish satellite (PW-SAT) was only launched in 2012. Poland was one of the first Eastern European countries to conclude a Cooperation Agreement with ESA in the peaceful use of outer space; it was signed in 1994 and followed by a second in January 2002. Negotiations on Polish membership in the ESA were started in autumn of 2011, and ended in April 2012. Following ratification of the agreement, Poland officially became the 20th Member State of ESA on 19 November 2012. This article examines how Poland is setting its way as a space nation. It describes recent developments in the Polish space programme, including the road to Poland's full membership in the European Space Agency.
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