- Businesses
- Individuals & Families
- Partnerships
- Brokers
As the global population grows and energy demands increase, clean technology companies are critical to the global economy. Being prepared for the changing risk landscape is more important than ever.
Stack up your cyber protection with Chubb.
All Chubb cyber policyholders are eligible for cyber services. Get the most value from your Chubb policy and request access today.
In a complex world, Chubb’s support for multinationals and their brokers when choosing the right cover has never been more valuable.
Protecting all that makes your house, your home.
As one of the world's largest providers of jewellery and fine art insurance, you can count on our unparalleled service and expertise, offering some of the broadest protection available.
As pioneers of using in-house appraisers to help clients establish the value of their property, and mitigate the risk of loss, our appraisal service is a key reason why owners of fine homes and high value possessions around the world choose Chubb
Build your business by providing the protection your customers need – it’s insurance for the new possible.
The seamless, secure, and scalable engine behind new possibilities for your company and customers.
Travel insurance made easy.
Product Governance – Product Reviews and Fair Value Assessment
Each year, Chubb now undertakes a review of its UK products in line with the requirements of the Financial Conduct Authority’s product governance rules, and our own product oversight and governance arrangements set out in Chubb’s Conduct Risk Framework, an overview of which is provided here.
The table, which is provided here sets out the products reviewed, the date of the most recent review, and the outcome of each review from a Fair Value perspective.
In addition, the table provides summary details of the main benefits provided by each product, the distribution strategy and the target market. This is provided to help distribution partners and brokers gain a high level view of the products Chubb provides and the intended market for each product.
Product Review Methodology
In determining the fair value assessment outcomes, our reviews look at a range of factors, including:
- Nature and complexity of the product, and distribution strategy;
- Needs/objectives of the target market, and customer vulnerability factors;
- Product benefits, exclusions and charges that apply, if any (e.g., excesses);
- Pricing;
- Distributor remuneration paid by us;
- Aggregated broker/distribution partner remuneration feedback;
- A range of Conduct metrics including, cancellation data, complaints data, claims volumes/acceptance rates/average claims settlements and commercial performance.
In Q2 2022, Chubb issued a communication to all our distribution and broker partners to establish whether any additional customer charges are applied by broker partners in relation to Chubb policies that, in addition to the premium set by Chubb, could influence value in the product, and the end price the customer pays. The aggregated feedback from that exercise informed relevant product reviews.
As our products are distributed through a range of partners and brokers, product performance for a given product is measured at an overall aggregated level and not at individual partner/broker level. Similarly, where products have a comparable risk profile, these too have been aggregated and assessed together as a single product group.