Insurance for Life Companies

Chubb’s Life property and Products and Services Errors and casualty policies are specifically Omissions (E&O) Liability designed for companies operating Economic injuries suffered by a in all areas of medical hospital or care providers caused by , development or manufacture, an actual or suspected product or irrespective of their size, phase of service defect or deficiency, or contract commercialisation or location. performance failure, creates financial and reputational risks for medical With deep underwriting expertise device manufacturers. developed from serving the Life Sciences community for over three decades, Product Withdrawal Expense Chubb is best positioned to proactively Customised for Life Sciences companies help companies of all sizes navigate and that experience a product recall, thrive in today’s world of uncertainty. providing protection for Chubb understands the challenges expenses associated with facing the Life Sciences , in connection to, destruction of, and including the speed of , cost disposal of, the recalled product. and pricing complexities, regulatory compliance, and consumer engagement. Clinical Trials Insurance Offers global solutions for Asia-based Life Sciences companies, including Coverages those conducting clinical trials overseas. Coverage includes products-completed General Liability Insurance operations and professional liability Addresses potential gaps in insurance coverage. We provide worldwide owing to the complex sequence of events coverage where needed, and locally and potentially long time frames between admitted policies where required. We when a product is developed and when have the unmatched ability to issue an insurance claim is filed. Provides certificates of insurance in a timely and blanket human clinical trial protection accurate manner through our global including medical expenses paid in network spanning over 125 countries, connection with a human clinical trial. supported by our automated on-line Workers’ Compensation / Employers’ clinical trial quote, bind and issuance Liability coverage is also available. system, WORLDCert®.

Property Insurance Why choose Chubb? Parent company Chubb Limited is listed Responds to broad all-risk perils, including on the New York Stock Exchange (NYSE: change in controlled environment Specialist expertise. We have the CB) and is a component of the S&P 500 and contamination. Customised largest team of dedicated underwriters index. Chubb maintains executive offices protection and valuation for scientific servicing the Life Sciences industry in in Zurich, New York, London and other animals and research and development the Asia Pacific region. Worldwide, we locations, and employs approximately (R&D) property. Offers protection for have over 200 staff in underwriting, 31,000 people worldwide. condemnation of undamaged stock by claims and risk servicing this government authority. industry segment, providing a depth of Chubb’s franchise in Asia Pacific experience and expertise few can match. comprises an extensive network of Income Insurance operations serving Australia, China, Pays continuing operating expenses Simplicity. With Chubb, you deal with Hong Kong, Indonesia, Korea, Macau, owing to R&D operations’ failure to one insurer, providing one solution and Malaysia, New Zealand, Philippines, generate a profit. Responds to lost ease of transaction. Singapore, Taiwan, Thailand and income or expenses connected to the Vietnam. restoration of your business, even if Risk Engineering. Chubb’s risk the delay is lengthened by regulatory have specialist knowledge and requirements. Pays net profit from lost can recommend solutions to mitigate or Contact Us milestone payments. Insures against loss prevent loss. resulting from reliance on a dependent Australia business location. Claims service. Chubb’s award- www.chubb.com/au winning claims team is consistently acknowledged as one of the best in China Chubb’s Life Sciences Solutions are the market. www.chubb.com.cn designed for: Global services. Chubb’s wholly-owned Hong Kong • Pharmaceutical and network means it can deliver consistent, www.chubb.com/hk companies high quality services worldwide. • Medical device manufacturers Indonesia • Clinical trials www.chubb.com/id • Dietary supplement companies About Chubb in Asia Pacific • Life Sciences service organisations South Korea Chubb is the world’s largest publicly www.chubb.com/kr traded property and casualty Why do life sciences companies need insurance company. With operations Malaysia a specialist insurer? in 54 countries and territories, Chubb www.chubb.com/my provides commercial and personal Life Sciences companies are vulnerable property and casualty insurance, New Zealand to a range of unique property and personal accident and supplemental www.chubb.com/nz liability exposures (such as research health insurance, reinsurance and life and development costs, clinical trials, insurance to a diverse group of clients. Philippines product contamination and class action www.chubb.com/ph litigation), so they need products that As an underwriting company, we assess, can grow and adapt with them, backed assume and manage risk with insight Singapore by a company with deep industry and discipline. We service and pay www.chubb.com/sg experience which can effectively our claims fairly and promptly. The manage the often complex and company is defined by its extensive Taiwan challenging claims that can arise. product and service offerings, broad www.chubb.com/tw distribution capabilities, exceptional financial strength, underwriting Thailand excellence, superior claims handling www.chubb.com/th expertise and local operations globally. Vietnam www.chubb.com/vn

Important Notes: This fact sheet is intended to provide only a general description of the products and associated services offered by the Chubb Group. Any advice in this brochure is general only and does not take into account a potential purchaser’s objectives and financial situation or needs, or the prevailing laws and regulations in the relevant jurisdictions. Please review the relevant Product Disclosure Statement or the QFE Disclosure Statement (where applicable), and the relevant policy wording and consider whether the advice is right for you. Please refer to the full terms, conditions and exclusions of the relevant policy(ies). Coverages are underwritten by one or more companies of the Chubb Group. Not all coverages are available in all countries where the Chubb Group of companies operates. Coverages are subject to licensing requirements and sanctions restrictions. This document is neither an offer nor a solicitation of insurance or reinsurance products. Potential purchasers should contact their local broker or agent for advice. © 2018 Chubb. Chubb® logo and Chubb. Insured.SM are protected trademarks of Chubb.

Published 11/2018