CB · Earnings call · 2026Q3T · Full report

AI Liability Coverage

Chubb Ltd · 2026-10-20 · Importance 31 · Surprise 42

Management characterized AI liability as a growing exposure that has not generally been contemplated in casualty underwriting to date and said it needs to be understood, managed, and addressed. Chubb expects the industry to use a combination of coverage clarifications, exclusions, and separate AI-related liability coverages, with underwriting and pricing differentiating among insureds and exposure types. Management also anticipated that model certification standards and evolving AI governance and management practices could support risk management and insurance underwriting.

Key facts

• Chubb said it expected a combination of coverage clarifications, eventual exclusions, and separate AI-related liability coverages as AI liability develops, with underwriting and pricing to distinguish risks.
• Chubb’s management said AI liability was a growing exposure not yet contemplated in casualty underwriting and that it needed to be understood, managed and addressed.