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LIFE SCIENCES

From product safety to high multiple stocks to breakthrough health discoveries, the dynamic life sciences industry faces a wide range of challenges and opportunities. A global team of industry specialists can help map out risk strategies and approaches as new issues emerge.

Worldwide clientele includes 34 of the top 50 pharmaceutical firms…seven of the top 10 generics firms…35 of the top 50 medical device companies…19 of the top 50 biotech companies

Drug development and marketing. Pricing challenges amid health care reform. Breakthrough health discoveries and “fast track” approvals. The continuing growth of generics and emerging biosimilars. A complex and evolving global regulatory environment. Amid this dynamic and ever-changing business climate, Marsh’s life sciences industry experts develop and implement strategies tailored to your unique needs.

Among our areas of specialty:

  • Product safety and performance. Our global team of product liability risk and claim specialists helps you understand the organization’s risk profile, obtain appropriate coverage, and represent your best interests in claims matters to help maintain brand integrity.
  • Corporate governance, ethics, and compliance. By combining award-winning directors and officers (D&O) risk modeling with a deep global management liability group of claims and risk specialists, we can help your senior management team navigate today’s challenging financial, regulatory, and operational landscape.
  • Business continuity/resiliency/crisis management. Our broad array of consulting and placement services help you assess, quantify, and manage risks and to recover from potential disruptions to operations.

By helping reduce your total cost of risk with tailored solutions — insurance brokerage, advisory, and risk management services — Marsh can help you minimize the volatility and severity of risk, protect assets, and maintain profitability.

Pharmaceutical

For clients across the global pharmaceutical industry — biopharma, specialty drugs, generics, animal health, and nutraceuticals — Marsh offers solutions that include:

  • Products liability advisory, global placement services, and claims consulting, including specialized complex claims and mass tort services.
  • Clinical trials placement and operational services, including a non-US clinical trials center of excellence.
  • Directors and officers (D&O) and financial and professional advisory, claims and placement services, including advisory and placement services for initial public offerings.
  • Marine cargo and stock throughput solutions tailored to your quality-control guidelines.
  • Business interruption, supply chain, and operational/regulatory risk solutions.
  • Other specialized life sciences services, including trade credit and political risk, surety, forensic accounting claims services, and other tailored industry solutions.
Biotechnology

For clients across the global biotech industry — from large global enterprises to small specialty and “incubator” firms — Marsh offers solutions that include:

  • Products liability advisory, global placement services, and claims consulting, including specialized complex claims and mass tort services.
  • Clinical trials placement and operational services, including a non-US clinical trials center of excellence.
  • Directors and officers (D&O) and financial and professional advisory, claims and placement services, including advisory and placement services for initial public offerings.
  • Marine cargo and stock throughput solutions tailored to your quality-control guidelines.
  • Business interruption, supply chain, and operational/regulatory risk solutions.
  • Other specialized life sciences services, including trade credit and political risk, surety, forensic accounting claims services, and other tailored industry solutions.
Medical Device and Technology

For medical device manufacturers, diagnostics companies, and consumer health aid product marketers, Marsh offers solutions that include:

  • Products liability advisory, global placement services, and claims consulting, including specialized complex claims and mass tort services.
  • Clinical trials placement and operational services, including a non-US clinical trials center of excellence.
  • Directors and officers (D&O) and financial and professional advisory, claims and placement services, including advisory and placement services for initial public offerings.
  • Marine cargo and stock throughput solutions tailored to your quality-control guidelines.
  • Business interruption, supply chain, and operational/regulatory risk solutions.
  • Other specialized life sciences services, including trade credit and political risk, surety, forensic accounting claims services, and other tailored industry solutions.
Distribution, Research, Contract Manufacturing/Development

For life sciences service providers — wholesale distributors, research institutes, contract manufacturers (CMOs), and contract developers (CDMOs) — Marsh offers solutions that encompass:

  • Integrated product liability services.
  • Directors and officers (D&O) and errors and omissions (E&O) financial and professional advisory, claims, and placement.
  • Business interruption, supply chain, and operational/regulatory risk solutions.
  • Other specialized life sciences services including trade credit and political risk, surety, forensic accounting claims services, and other tailored industry solutions.