What is Chubb celebrating with this new product launch?

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Chubb Marks 20 Years of Dedicated Life Sciences Insurance in APAC with New Product Launch

Chubb is celebrating the 20th anniversary of its specialised Life Sciences capability in the Asia Pacific (APAC) region with the introduction of its new Premier Life Science package. This milestone underscores the company's two decades of commitment and growth as a leading insurance provider within the life sciences sector across APAC.
A Milestone of Two Decades in Life Sciences Insurance

The launch of the Premier Life Science package coincides with Chubb's significant 20-year presence in the APAC life sciences insurance market. Over these two decades, Chubb has evolved from a single specialist to a comprehensive unit offering deep insights into the sector's unique requirements and complexities. This sustained focus has allowed the company to develop and refine insurance solutions tailored to protect and foster innovation in health and science.
Introduction of the Premier Life Science Package

The newly launched Premier Life Science package is a tailored insurance solution designed to address the evolving needs of companies operating within the life sciences industry. It aims to provide comprehensive protection against a spectrum of potential liability risks inherent to the sector, with added enhancements for cyber risk and professional indemnity coverage. This product reflects Chubb's recognition of emerging risks, particularly those stemming from digital transformation and the associated cyber threats that businesses must navigate.
Comprehensive Coverage for Diverse Life Science Entities

Premier Life Science offers integrated casualty and cyber coverage within a single package, providing clients with a single point of contact for multiple insurance lines. This streamlined approach is designed to benefit a wide array of businesses, including pharmaceutical firms, biotechnology companies, medical device manufacturers, healthcare IT providers, and medical product distributors. The package provides extensive protection for risks encountered throughout the life sciences value chain, from initial research and development phases through clinical trials, data management, and final product distribution.
Key Features and Regional Availability

Key features of the Premier Life Science package include specific coverages for Product Liability and Clinical Trials, enhanced Professional Indemnity, and comprehensive Cyber Coverage. It also includes Tailored Risk Solutions to address unique operational challenges. Currently, this specialised package is available in Singapore, Australia, Hong Kong, and Korea, with plans for expansion into other APAC markets.

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What is Chubb celebrating with this new product launch?

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