Clinical Trials Insurance Liability Brochure - Allianz Global ...

Global service in practice.
Allianz Global Corporate
& Specialty’s standard
turnaround time of trial
coverage requests is
5 working days.
Allianz Global Corporate & Specialty has a proven reputation as a
leading provider of International Insurance Programs, with in-depth
experience of delivering tailor-made insurance solutions for clients
with exposure to international multi-location clinical trials.
Worldwide reach
Working through the Allianz global network
and with the client’s brokers, Allianz Global
Corporate & Specialty can offer tailor-made
solutions for multi-national clinical
research programs in more than 50
countries, including important expanding
markets such as Eastern Europe and Asia.
(An updated list of all countries covered by
Allianz for clinical trials is available on
request.) Such international insurance
programs are suitable for clients with
multiple clinical trials in multiple territories
based on multiple protocols.
Speed of response
We recognise that time is of the essence in
clinical trials. This is why our service is designed
to provide clients with a rapid response and
fast turnaround to coverage requests. In 2007,
we provided cover for more than 800 trials
worldwide with an average response time of
5 working days. By adopting an individual
approach to each client’s needs, Allianz
Global Corporate & Specialty can reduce
both the administrative burden that is
associated with such insurance and the time
to issue and deliver local insurance
certificates. For example, on very large
programs, we work with the client and their
broker to classify all clinical trials activities
into categories to which we can apply preagreed
rates. This helps to avoid pricing
delays and enables clients to determine
their annual insurance budget more
accurately.
The Master Policy provides cover for the full length
of each trial (including monitoring periods) that
commences during the policy period.
Consistent cover, centrally managed
Typically a multi-national Clinical Trials
program will consist of a combination of
global Master Policy plus individual local
policies on a per trial/per country basis. This
ensures that the client has the benefit of a
harmonised and consistent insurance
program with internationally recognised
terms and conditions. The Master Policy
provides additional increased limits (DIL)
which are required for larger trials with
many research subjects. Coverage is
provided on a ‘trials attaching’ basis,
covering all trials commencing in the
policy period.