Lifesciences

Lifesciences

Innovation in life sciences is transforming healthcare, from cutting-edge medical devices to AI-driven diagnostics. However, regulatory complexities, product liability and supply chain risks make robust risk management essential for ensuring safety, compliance and business continuity.

Overview

The life sciences sector—spanning medical technology, healthcare services and biotechnology—is experiencing rapid growth. Advances in AI, telemedicine and precision medicine are revolutionizing patient care while digital health platforms are reshaping how medical services are delivered. As the industry evolves, businesses must navigate stringent regulatory approvals, intellectual property challenges and heightened cybersecurity threats.

From healthcare equipment manufacturers to telehealth providers, companies must manage risks related to clinical trials, product recalls and supply chain disruptions. At Edme Insurance Broker, we offer specialized risk solutions that help life sciences companies protect their innovations, ensure compliance and mitigate financial liabilities in an increasingly complex healthcare ecosystem.

FAQs

  • Regulatory and compliance challenges: Strict clinical trial regulations and evolving healthcare policies
  • Product liability and recalls: Medical device malfunctions or drug recalls leading to legal claims
  • Supply chain disruptions: Shortages of critical medical supplies and global distribution challenges
  • Cybersecurity threats: Data breaches in electronic health records and connected medical devices
  • Intellectual property risks: Patent disputes and unauthorized use of proprietary research

  • Product liability and recall insurance : Covers financial losses from defective medical products or equipment failures
  • Cyber risk insurance : Protects against data breaches and cyber threats affecting digital health services
  • Business interruption and supply chain insurance : Mitigates financial losses from disruptions in medical supply chains
  • Financial and professional liability insurance : Safeguards against regulatory claims and professional negligence lawsuits

Talk To Us

Contact us to get in touch with an industry or risk subject matter expert, learn more about a specific solution or submit a sales/RFP inquiry.

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DISCLOSURE

EDME INSURANCE BROKERS LTD. (FORMERLY KNOWN AS ADITYA BIRLA INSURANCE BROKERS LTD.)

Registered Office: 2nd Floor, Privillion, East Wing, Sarkhej - Gandhinagar Highway, Vikram Nagar, Bodakdev, Ahmedabad, Gujarat 380054. IRDAI License Number: 146 | Composite Broker | License Valid till: 9th April, 2027 | CIN: U99999GJ2001PLC062239 Corporate Office: VIOS Tower, 6th floor, Off Eastern Express Highway, Sewri - Chembur Rd, Mumbai – 400037 Telephone: 1800 120 2510 | Website: www.edmeinsurance.com In case of any queries/complaints/grievances, please write to us at clientfeedback@edmeinsurance.com.