Earnings Quality Insurance Protection (EQuIP)

Earnings Quality Insurance Protection (EQuIP)


The biopharmaceutical and medical
device sectors are unlike any other industries in the world. They’re closely
regulated. Manufacturing processes and supply chains are highly complex and
with increasing outsourcing there’s less and less risk control. Even a minor
control failure during production can lead to a complete shutdown or a ban on
supply. Lost profits, unhappy shareholders, damaged reputations, and lost markets are
possible consequences and cause severe headaches. Real data shows that losses
through manufacturing suspensions, due to problems in quality, exceeded 12 billion
US dollars since 2001. But now there is a remedy: Earnings Quality Insurance
Protection by Munich Re or in short EQuIP. EQuIP is especially developed for
biopharmaceutical and medical device companies. It reflects the specific needs
your industry has at every stage of the supply chain and protects you against
the biggest threat: business interruption through non-compliance with
manufacturing regulations. EQuIP ensures you against voluntary shutdown and loss
of market share. It covers your own site and your supplier site and it can be
customized individually to your needs including further risks such as royalty
stream income or liquidated damages. Sounds good? Our experts are at your side
from the start and give you all the support you need. Whenever you need it. So, why not start now? And forget about your headaches. By the
way, our clients say that EQuIP is one of the most important insurance products
they buy. Great to know, isn’t it? Earnings Quality Insurance Protection by
Munich Re. Find out more.

Leave a Reply

Your email address will not be published. Required fields are marked *