Author: Walker Taylor IV

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Gallagher's Summer 2024 Life Sciences Insurance Market Update complements Gallagher's March 2024 report of broader insurance market conditions. This supplement offers insights into what pharmaceutical, biotechnology, medical device, contract manufacturing organization (CMOs) and related companies are experiencing with insurance carriers.

The report explores a number of factors that are driving the risk transfer market, including general inflation, higher interest rates, capital market effects, regulatory impacts and social inflation.

This report looks at these coverages as they related to life sciences organizations:

  • Directors and officers (D&O) liability
  • Property
  • Workers' compensation
  • Cyber
  • General liability Including products/clinical trials liability
  • Auto liability

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Disclaimer

The information contained herein is offered as insurance Industry guidance and provided as an overview of current market risks and available coverages and is intended for discussion purposes only. This publication is not intended to offer legal advice or client-specific risk management advice. Any description of insurance coverages is not meant to interpret specific coverages that your company may already have in place or that may be generally available. General insurance descriptions contained herein do not include complete Insurance policy definitions, terms, and/or conditions, and should not be relied on for coverage interpretation. Actual insurance policies must always be consulted for full coverage details and analysis.

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