Tailored insurance solutions for life sciences companies
As one of the largest global insurers with over 120 years in commercial insurance, HDI is an established leader in the life sciences industry. Through our expertise and knowledge, our dedicated life science team specializes in delivering tailored solutions across a variety of life science segments.
Our unique heritage – being founded by the industry for the industry – means we have an obligation to consistently find insurance solutions to keep pace with advancements in the industry and be a sustainable partner over the long term, allowing you to embrace the future confidently.
HDI Capabilities at a glance
Coverage Highlights
Coverage customized to meet individual client needs
Capacity
Up to $10M available on a Primary or Excess basis for Products Liability and Errors & Omissions LiabilityHigher capacities
Available for Clinical Trials in countries where legally required or customary, and for multicenter studiesMore than 175 countries
We are experts in building international programmes and capable of issuing local admitted policies to match the footprint of even the largest multinational life science companiesCaptive team
Captive and other fronted solutions available with the support of our dedicated captive team located across the US and GermanyOur products are delivered by dedicated, highly professional, technical experts with specialist underwriting and claims knowledge, including the requirements of local legislation and regulatory authorities around the world.
We can provide cover for anything from individual clinical trials, to companies on the brink of launching their first commercial product, to the product exposures of global life science companies. From our Chicago office, we offer access to empowered professionals with the ability to answer day to day queries on the spot, and provide risk insight and solutions as required.
Why HDI?
An unparalleled global network spanning 175+ countries and experience servicing ~5,000 global programs
Backed by the Talanx Group, we have a strong credit rating of A+ (outlook stable) A.M. Best & A+ (outlook stable) S&P
More than 50 years of clinical trials experience and access to a network of specialists across 115 countries, with a proven track record of meeting demanding performance challenges.
Our in-house captive service team are experts in their field and have experience working with life science captives in most geographies, including in all reinsurance and collateralization matters
Access to pharmacologists, product engineers and surgeons who are able to speak “scientist to scientist”
Access to our market-leading clinical trials automation system for fronted clients
Access to highly experienced claims professionals
We have the ability to offer 100% fronting or a combination of fronting and risk transfer
Product Liability
Our coverage is available for life science companies engaged in all aspects of the industry from research to manufacture and distribution, either as a contract manufacturer or licence holder. Cover is available either on a Primary or Excess basis and can be single or multiple territory.
We have on-staff clinical staff who have in depth technical understanding of the unique features of our clients’ businesses and the industry and help HDI to develop the solutions that best serve client needs.
Common extensions include Pollution Liability and Errors and Omissions
Target Classes
Innovator / Specialty Pharmaceutical Manufacturers and Distributers
Biotechnology Manufacturers and Distributers
Non-Invasive, Invasive and Permanently Implantable Medical Device Manufacturers
Blood Plasma Product Manufacturers
Contract Manufacturing Organizations and Contract Manufacturing and Development Organizations (CMO / CDMO)
What We Ordinarily Decline
Nutraceuticals and Dietary Supplements
Lifestyle Products (where no regulatory approval for the product is required)
Generic Pharmaceutical Manufacturers
Cosmetics
Opioid Product Manufacturers
Silicone Injected or Implanted into the Body
Surgical Mesh
Doctor’s and Hospital Professional Negligence
Recreational Cannabis or Non-Medical CBD/THC containing products
Blood and Tissue Banks (including cord blood)
Clinical Trials
This cover is designed for life science companies that have a requirement to test drugs, medical devices, or a combination of these prior to wider distribution.
We are able to provide:
Annual policies or cover for the duration of the study
Multicenter studies globally or individual trial coverage
HDI can consider all therapeutic areas and all medical devices, including implantable medical devices
Local policies issued via the HDI Global Network (175+ countries) that are adapted to the requirements of each local jurisdiction
Our clients benefit from our market-leading
clinical trials automation system:
IMPACT
Other Coverages
Whilst the above reflects the main products of interest to our clients, we are able to offer a range of additional products to provide vital protection for the risks facing Life Science companies.
Proven, real-world know-how
HDI claims management experts are top in the industry in handling settlement discussions and mediation processes.
Expert assistance for all claims environments
HDI has the experience and the people to manage proceedings - even in highly litigious environments such as the USA. In the event of a claim, policyholders can rely on our proven single-source international claims management system.
A well-practiced team
HDI partners with a network of experts to analyse and evaluate liability claims.
Major international claims are managed and settled by multilingual in-house liability experts in collaboration with local licensed lawyers.
Contact us
Get in touch with us
HDI Global SE backs up its outstanding policy options with one of the most respected groups of insurance professionals in the business. If you would like to know more about our solutions or services, contact the team.
