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Travelers Introduces Comprehensive Life Sciences Practice to Service Medical Technology, Pharmaceuticals and Digital Health Companies

HARTFORD, Conn.--(BUSINESS WIRE)--

Coverage lines include products liability, cybersecurity and errors and omissions

The Travelers Companies, Inc. (NYSE TRV) today announced a new comprehensive Life Sciences practice, which builds on 35 years of industry experience, to offer insurance and risk management solutions across the fields of pharmaceuticals, medical devices and digital health, which includes health care IT, telemedicine and medical software. Travelers now provides life sciences organizations with access to multiple lines of coverage, including errors and omissions, cybersecurity and industry-specific products liability, including clinical trials.

“Technological and scientific innovations are transforming the way we approach human health and are creating a new set of risks in Life Sciences,” said Michael Thoma, Global Technology Chief Underwriting Officer at Travelers. “Providing tailored solutions specific to this industry will help our customers guard against the vulnerabilities they may face throughout the product development lifecycle, from research and clinical trials to production and distribution.”

Along with extensive knowledge and global capabilities, customers benefit from:

  • Specialized Risk Control professionals who help them evaluate and mitigate risks specific to their businesses.
  • Access to Travelers’ industrial hygiene lab and experienced hygienists who can help them assess their employee exposures.
  • A comprehensive library of safety resources, available online and via the Risk ToolworksTM mobile app.
  • Expert claim handlers and attorneys who can help resolve the complex legal and regulatory issues that may arise.

For more information about Life Sciences products and services from Travelers, please visit travelers.com.

About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $30 billion in 2018. For more information, visit www.travelers.com.

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