Stelliant Loss Adjusting: a specialist for the pharmacy and cosmetics sectors
The constantly growing health and beauty market is worth billions of euros. In response to this success, the pharmacy sector and the cosmetics industry have been growing their business in an increasingly regulated space. Focusing on compliance, quality, and traceability, players in the pharmacy and cosmetics sectors must scrupulously follow…
The constantly growing health and beauty market is worth billions of euros. In response to this success, the pharmacy sector and the cosmetics industry have been growing their business in an increasingly regulated space. Focusing on compliance, quality, and traceability, players in the pharmacy and cosmetics sectors must scrupulously follow the law and make sure that their production and sales processes are reliable.
The pharmacy sector: a regulated business
Because of the health issues involved, the cosmetics and pharmaceutical industries are highly regulated.
These businesses are subject to quality procedures that must be followed carefully in order to guarantee that the products can be used with total safety. And for good reason: there are real risks involved.
A few examples:
- issues with bacterial contamination
- contamination of pharmaceutical products with solid matter
- instability of emulsions in a cosmetic cream leading to colour alteration.
In the pharmacy and cosmetics industries, controlling these risks is imperative and crucial for carefully managing the consequences of any loss that may occur.
Chemist’s shops: consumer goods and risks
Pharmaceutical and cosmetic products are consumer goods. Quality procedures and risk management are particularly important in these sectors because the health of people is at stake.
Whether the issue is a product recall after detection of a non-compliant or problematic chemical agent that could cause bodily harm, or business interruption caused by technical difficulties on the production line or by a fire at a plant, there are numerous and varied risks for insurers, laboratories, production sites, suppliers, and engineering firms.
A team of Stelliant loss adjusters supporting every aspect of your claim in the pharmacy and beauty sectors
To deal with the complex challenges posed by the pharmaceutical and cosmetics industries, the Stelliant Loss Adjusting team includes specialists in:
- biochemistry to provide expertise on finished products,
- mechanics to determine the technical risks associated with equipment on
production lines and elsewhere,
- insurance services to assist the various people involved in the event of burglary or fraud at a pharmacy.
Thanks to the involvement of specialists from related disciplines, Stelliant Loss Adjusting always comes up with the right formula for offering comprehensive support and fitting solutions.