Chubb has launched its Premier Life Science package, a tailored insurance solution designed to address the evolving risks in the life sciences sector. This milestone marks Chubb’s 20-year anniversary in the APAC life sciences market, reinforcing its commitment to supporting innovation in health and science.
SINGAPORE, 3 APRIL 2025 – Chubb has announced the launch of its Premier Life Science package, a specialized insurance solution designed to meet the complex and evolving risks faced by businesses in the life sciences sector. This comprehensive package provides coverage for product liability, clinical trials, professional indemnity, and cyber threats, ensuring companies remain protected in an era of rapid technological advancement.
The launch coincides with Chubb’s 20-year anniversary of its dedicated Life Sciences capability in APAC, underscoring the company’s long-standing commitment to this dynamic industry. As the sector undergoes digital transformation, businesses face heightened risks, particularly concerning cyber threats and regulatory compliance.
“Over the past two decades, Chubb has established itself as a leading insurance specialist in life sciences in APAC,” said Travis McIntosh, Head of Life Sciences APAC, Chubb. “Our growth from a single specialist to a dedicated unit with deep industry insights has allowed us to develop tailored insurance solutions that protect and empower businesses. The launch of Premier Life Science reflects our dedication to supporting innovation in health and science.”
Premier Life Science is structured to provide customized, multi-line insurance coverage through a single access point, catering to pharmaceutical firms, biotechnology companies, medical device manufacturers, healthcare IT providers, and medical product distributors.
Key features of Premier Life Science include:
- Product Liability and Clinical Trials Insurance: Coverage for product defects and adverse reactions from clinical trials or marketed products.
- Enhanced Professional Indemnity: Protection against financial losses from contract liabilities, product and service defects, copyright infringement, and negligence.
- Comprehensive Cyber Coverage: Safeguarding businesses against data breaches, ransomware, and cyber threats.
- Tailored Risk Solutions: Customizable coverage designed to address the unique risks faced by different businesses within the life sciences industry.
Currently available in Singapore, Australia, Hong Kong, and Korea, Chubb plans to expand Premier Life Science to other APAC markets in the near future.
