Chubb Unveils Premier Life Science Insurance Solution

0

BEĞENDİM

ABONE OL

News

0

Chubb Introduces Comprehensive Insurance for Life Sciences Sector

Chubb has launched an innovative insurance solution tailored for businesses operating within the life sciences sector. The Premier Life Science package integrates multiple coverage lines – including liability, cyber protection, and professional indemnity – into a single, customizable policy framework. This launch marks two decades of Chubb’s specialized underwriting expertise in the Asia-Pacific region.

The Premier Life Science package provides consolidated access to critical coverage types. Industries that qualify for this coverage include pharmaceutical manufacturers, biotech developers, medtech companies, and healthcare IT service providers.

Addressing Complex Challenges in Life Sciences

Chubb has positioned its new offering as a response to the increasingly intricate exposures faced by life sciences firms, magnified by expanding regulatory demands and the digital transformation of the sector.

The World Economic Forum’s Global Cybersecurity Outlook 2025 highlights geopolitical tensions, regulatory fragmentation, and workforce shortages as primary drivers of cyber risk globally. These challenges exacerbate the disparity in cyber resilience between large and small organizations, as well as between developed and emerging markets.

The report advocates for a transition from traditional security frameworks to models that emphasize operational resilience and long-term preparedness. Business leaders are encouraged to view cybersecurity not merely as a cost but as a strategic core component. The report also calls for enhanced cross-sector collaboration to bridge skills gaps and safeguard digital infrastructure.

Chubb’s Legacy in Life Sciences

Travis McIntosh, head of Chubb’s Life Sciences division in Asia Pacific, remarked that the launch builds on the company’s longstanding expertise in the sector. “Over the past two decades, Chubb has distinguished itself as a leading insurance specialist in life sciences across APAC. Our team has evolved from a single expert to a dedicated unit with deep insights into the industry’s distinct needs and complexities. This growth empowers us to deliver insurance solutions that protect and enable businesses,” he stated. “The introduction of Premier Life Science underscores our legacy in this sector and our commitment to supporting innovative companies driving advancements in health and science.”

The Premier Life Science package is now available in Singapore, Australia, Hong Kong, and South Korea, with plans for further market expansion.