Over half of Chubb’s $1.1bn-$1.2bn investments in technology are destined for maintenance, while the other ~45%-50% is focused on development “of all kinds”, CEO Evan Greenberg said.
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Around 50% of Chubb’s tech investment focused on development: Greenberg
Of the $170mn cat losses outside LA wildfires, US cat activity accounted for 74% and international cats 26%.