- Bespoke cover for company assets and third-party liability
protection.
- Targeted at businesses that provide technology solutions,
products and services for the healthcare and life sciences
industries.
LONDON, March 27, 2024 /PRNewswire/ -- Chubb today
announced the launch of a new HealthTech industry practice in the
UK.
The new practice, which brings together Chubb underwriters, risk
engineers and claims specialists who have deep industry knowledge,
will offer bespoke insurance coverages that provide protection for
both company assets and third-party liabilities. The HealthTech
practice will serve all types of companies – from start-ups to
established firms – that provide technology for use in healthcare
services, research environments and related professional services.
This includes the creation, distribution, licensing, development or
integration of software for these industries.
The practice builds on Chubb's extensive experience meeting the
coverage needs of HealthTech companies through its Life Sciences
and Technology industry practices. The new offering includes
property damage, business interruption, terrorism, employers'
liability and cyber, along with liability protection for claims for
bodily injury, products and services, professional indemnity,
intellectual property and corporate reputational injury. All covers
are optional and can be tailored to suit each client.
Chubb's HealthTech Industry Practice will be overseen by
Louise Joyce, Head of Industry
Practices for EMEA, with Victoria
D'Silva, Life Science Practice Leader for UK &
Ireland, heading a bespoke
underwriting team.
Louise Joyce said: "We have been
providing coverage for HealthTech clients for many years. Our new
offering has been designed specifically to meet the needs of
companies operating in this fast-moving sector and provides a range
of cover in one flexible package that can be arranged online in
just a few clicks through Chubb Ignite."
Victoria D'Silva said:
"HealthTech firms are complex and face myriad exposures that
require a specialist policy to avoid gaps in cover. Our product
includes a range of first- and third-party covers that are
integrated together to ensure that even in claims with multiple
types of injuries and causes, there is certainty cover will respond
within the scope of the policy wording."
Brokers can access immediate cover for their HealthTech clients
through Chubb's digital platform, Chubb Ignite.
The HealthTech offering, which will be part of the insurer's
broader Life Sciences Industry Practice, joins other Chubb industry
practices in the UK, including Real Estate, Technology and Media,
and Climate Tech. Chubb's industry practices are underpinned
by the company's global capabilities, local presence and deep
industry experience.
About Chubb
Chubb is a world leader in insurance. With operations in 54
countries and territories, Chubb provides commercial and personal
property and casualty insurance, personal accident and supplemental
health insurance, reinsurance and life insurance to a diverse group
of clients. As an underwriting company, we assess, assume and
manage risk with insight and discipline. We service and pay our
claims fairly and promptly. The company is also defined by its
extensive product and service offerings, broad distribution
capabilities, exceptional financial strength and local operations
globally. Parent company Chubb Limited is listed on the New York
Stock Exchange (NYSE: CB) and is a component of the S&P 500
index. Chubb maintains executive offices in Zurich, New
York, London, Paris and other locations, and employs
approximately 40,000 people worldwide. Additional information can
be found at: www.chubb.com.
Chubb®, Chubb logo® and Chubb. Insured.SM are
trademarks of Chubb.
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