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Life Sciences
Highlights
Chubb provides a suite of insurance solutions and risk management services to companies operating in the medical product research, development and manufacturing industry, as well as commercial and academic institutions engaged in pre-clinical and clinical research. With 20 years of specialised industry experience in the Asia Pacific region, we understand the unique coverage needs of this rapidly changing industry. This enables us to tailor the right solution to meet the needs of our customers so they can focus on innovation and product development.
Life sciences companies operate in a complex and highly regulated environment. Leveraging extensive capabilities in underwriting, risk engineering and claims handling, we design insurance programs that protect our clients’ balance sheet and effectively manage what are frequently complex first and third party claims.
Businesses and activities we insure
Companies involved in the manufacture, discovery, research and development of regulated medical products, including pharmaceuticals, biologics, dietary supplements, medical devices, diagnostics, and health technology products and services. Also includes companies manufacturing laboratory research equipment and consumables.
Companies involved in providing contract research and manufacturing services to medical product companies, medical product distributors, as well as analytical and research laboratories (commercial and not-for-profit).
Companies and research institutions involved in the conduct of human clinical trials, including those run by academic institutions. Clinical trials can be single country or multinational, one-off single studies or blanket programs involving multiple trial protocols.
Chubb Solutions
Find the right life science insurance solution for your business
We understand the liability risks specific to the life sciences industry. Premier Life Science is a multiline Casualty solution that provides comprehensive and customisable insurance cover and services in one package. Coverage includes Public Liability, Products and Services Liability, Clinical Trials Liability, Professional Indemnity and Cyber, with a host of extensions designed to support the growth of life sciences companies.
With operations in 54 countries and territories, Chubb is among the world’s premier insurers for human clinical trials. Our stand-alone clinical trial liability policy provides a host of extensions and can be used for everything from small single-site studies to large multinational studies and annual blanket programs.
Other products and coverages:
- Property All Risks
- Casualty
- Product Recall
- Professional Indemnity
- Manufacturers’ Errors & Omissions
- Environmental
- Cyber
- Multinational
- Marine
- Accident & Health
- Terrorism and Political Violence
Insights and expertise
The vulnerabilities of the life science supply chain are at the forefront of everyone’s minds. But, behind the headlines, how is the pandemic affecting attitudes to risk?
Integrating new technology systems into large institutions is notoriously difficult even when it is carefully planned. So how has the rapid roll-out of telehealth during the pandemic altered the risk landscape?
Advances in genomics are turbocharging the global response to the COVID-19 pandemic and continuing to redefine how we understand healthcare.