Increased globalization of clinical trials presents additional challenges for life sciences companies. Aon's 2008 Clinical Trials Risk Map charts the complex insurance requirements and risk management needs that exist for companies conducting clinical trials globally. For instance, in 53 percent of the countries included in Aon's analysis, businesses must include a certificate of insurance in their regulatory filing package.
The RiskConsole Clinical Trials module tracks coverage required by
government agencies in various host countries, and whether proper insurance
documentation was provided to regulators. The system also acts as a
valuable planning tool that enables companies to better manage the entire
life cycle of a clinical trial. Other key features and benefits include:
-- The ability to track certificates of insurance and T85 protocol
-- Time-stamping enables risk managers to monitor and determine the
current stage and ongoing progress of trials.
-- A user-friendly graphical dashboard identifies when critical
milestones are met.
-- Multi-currency, multi-lingual capabilities accommodate the need to
monitor clinical trial exposure worldwide.
-- Automatic scheduling of reports and distribution of alerts to notify
companies of potential problems, adverse events, or non-compliance.
-- Real-time coordination of communication and activities among various
stakeholders, including the risk manager, researchers, project
managers, clinical directors, brokers, and underwriters.
"Clinical trials a
|SOURCE Aon Corporation|
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