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Chubb’s culture is defined by who we are, the behaviors we expect of each other, and what we reward and recognize.
Chubb Group Executives
Chubb has operations in 54 countries and territories and can help clients manage their risks anywhere in the world.
The company took its present form in 2016 when ACE Limited acquired the Chubb Corporation, creating a world leader in insurance.
Chubb Climate+ draws on our extensive technical capabilities in underwriting and risk engineering, bringing together Chubb units engaged in Renewables, Alternative Fuels, Climate Tech, and Risk Engineering services.
At Chubb, we recognize our responsibility to provide solutions that help clients manage environmental risks, to reduce our own environmental impact and to make meaningful contributions to environmental causes.
Chubb has developed a series of accelerator programs around the world designed for women at all stages of their career.
The path towards racial justice and equity is both an individual journey and collective duty.
Building and advancing a fair, equitable and inclusive workplace is a journey that requires commitment and action.
Guided by steady leadership and a commitment to the highest levels of personal and professional integrity.
The remittance trust trap: Revealing hidden vulnerabilities
Key findings
Chubb’s global remittances report, rooted in a survey of more than 3,500 people in six countries, reveals that workers – especially foreign and gig workers – face a complex set of risks that can disrupt the flow of money and have devastating financial consequences for themselves and their families. Among the report’s key findings:
Remittances aren’t just transactions. They’re economic lifelines.
Remittances aren’t just transactions. They’re economic lifelines.
Our findings are brought to life through profiles of three fictional workers whose personal stories illustrate many of the challenges that remittance senders face – and how they can be emboldened and empowered.
A 32-year-old Indian nurse living in East London who uses a mobile app to send money to her mother and younger siblings in Delhi
A 45-year-old construction worker from the Philippines who diligently wires a portion of his weekly wages to his wife and children in Manila from his temporary home in Dubai
A 38-year-old Mexican entrepreneur who runs a small online craft business in Madrid and sends money to her parents and extended family in Oaxaca
- Remittance behaviors
- Trust and security
- Insurance preferences
- The Sender Market Vulnerability Index (SMVI)
The report thoroughly examines the interrelated factors that influence the decision-making process of remittance senders, including:
- Frequency of international transfers
- Methods of sending money
- Key factors influencing their selection of a remittance provider
Remittance senders around the globe face an interconnected web of economic, social and technological risks that threaten the security of their transactions, including:
- Income volatility and housing costs
- Limited access to bank accounts and social safety nets
- Susceptibility to online fraud and scams
The report identifies tailored, affordable and accessible insurance as one of several solutions for decreasing risk and increasing confidence. Among other facets, it looks at:
- The influence of insurance options on remittance service usage and trust
- The relative attractiveness of various coverages to different sender groups
The SMVI offers an innovative, data-driven approach to understanding the multifaceted challenges faced by remittance senders by observing them through three critical lenses:
- Economic vulnerability
- Social vulnerability
- Technological vulnerability