CB · Earnings call · 2026Q3T · Full report

AI Liability Regulatory Risk

Chubb Ltd · 2026-10-20 · Importance 40 · Surprise 42

The CEO described AI liability as a growing exposure not yet contemplated in casualty underwriting and said insurers need to understand, manage, and address it. Chubb anticipates some combination of coverage clarifications, exclusions, and separate AI-related liability coverage, with underwriting and pricing differentiating risks among insureds. Management also said model-certification standards and evolving best practices for AI and agentic-system governance could emerge and assist insurance underwriting; no jurisdiction or implementation timeframe was specified.