Clinical Trials Insurance Liability Brochure - Allianz Global ...

More documents

Recommendations

Info

Specialist cover for clinical research. Global Partnership for Global Trials The challenges of international clinical research are now increasing faster than ever. Pharmaceutical companies and research organisations face increasingly complex worldwide regulations alongside other challenges such as trial safety, speed and quality. The opportunities presented by emerging clinical trial locations are balanced by the need for local support and knowledge, with an absolute requirement for reliable service in these new territories. Allianz Global Corporate & Specialty recognises the complexity of today’s clinical research environment. Our dedicated Clinical Trials underwriters, working in partnership with clients and their brokers, offer specialist insurance services to cover trials around the world, from single studies to multi-location research programs. Backed by the unique combination of Allianz’s international network and robust financial security, we offer tailor-made flexible products for the clinical trials industry, delivered locally but coordinated centrally through your primary entry point for Allianz Global Corporate & Specialty at your location. With an established reputation and proven capabilities, Allianz Global Corporate & Specialty is committed to developing long term relationships with clients and brokers throughout the Clinical Trials sector. Allianz Global Corporate & Specialty Clinical Trials cover provides: • Indemnity to the insured as “trial sponsor”, including pharmaceutical companies and contract research organisations • Liability for injury to a trial participant, including no-fault compensation where required • Coverage is provided for the full length of the trial
Tailor-made solutions for individual needs. No clinical research program is the same as another - so we at Allianz ensure that each client’s needs are specifically reflected in the coverage offered. Our underwriting teams – which include pharmaceutical experts – work closely with the client and their brokers to establish the exact coverage requirements in each case. So whether it is for a single trial or for the most complex trial programs in multiple territories, we can offer tailor-made solutions to fit the client’s needs. • Cover for clinical trials with drugs (from Phase I to IV) and medical devices including non-compulsory studies • The Allianz cover is generally provided on a local basis in every territory in which trials are performed • We offer a large underwriting capacity regardless of the number of trials undertaken by an individual client – so we can accommodate clients with large clinical trial programs • No fault compensation is offered where required • Local policies are generally provided in local languages • All policies are in line with local statutory limits and coverage • For clients performing a limited number of trials, policies can be provided on an individual stand alone basis or as part of a global program In Practice - example coverage. ABC plc – a mid sized pharmaceutical company - is now embarking on Phase 3 trials to evaluate the safety and efficacy of ABC’s new investigational product “ABC-993”. Trials are planned over a 10 month period in 7 territories including Asia and Eastern Europe. ABC requires: • Local language fully admitted policies in each territory • Compliance with the local level of cover in all territories • Rapid delivery of documentation to comply with the trial submission dates at each location The Allianz Solution Allianz Global Corporate & Specialty and ABC’s broker discuss the specific requirements of the trial and how Allianz can provide the best possible cover: • Individual per trial cover is underwritten and quoted for by Allianz Global Corporate & Specialty • Local Allianz offices are engaged to provide the fully compliant local policies to ensure the clinical trials can proceed without delay • Global master policy can be provided to deliver Difference in Limits cover above the locally issued policy limits • Both ABC and their broker have a single point of contact to central underwriters and claims teams – through appointed client team contacts within Allianz Global Corporate & Specialty Outcome ABC receives rapid and comprehensive cover for this series of trials, satisfying local regulatory needs per trial whilst having the protection of a harmonised and consistent global insurance program, centrally managed and coordinated via one primary point of contact.
Page 1: Clinical Trials Insurance Global so
Page 5 and 6: Allianz Global Corporate & Specialt

Clinical Trials Insurance Liability Brochure - Allianz Global ...

Create successful ePaper yourself

Delete template?

Save as template?