Chubb has been focusing on using artificial intelligence, cloud, and blockchain to digitally transform its operations. The annual ICT spending of Chubb was estimated at $1.6 billion for 2021. A major share of this spending is earmarked for acquiring ICT services, consulting, and hardware from vendors. Chubb is a property and casualty insurance company. The company offers personal accident and supplemental health insurance, commercial and personal property and casualty insurance, life insurance, and reinsurance products to a range of clients. The company serves individuals, SMEs, large corporates, multinational corporations, and affluent and high-net-worth (HNW) individuals.

The Chubb Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, accelerator and incubator programs, technology partnerships, technology introductions, investments, acquisitions, and ICT spending among others.

Digital Transformation Strategies

Chubb is exploring IoT sensor technology to shift from a “repair and replace” to a “predict and prevent” model. It has partnered with tech vendors to deploy IoT sensors in policyholders’ homes and businesses to help with claims assessments and risk management. Chubb has also deployed drones and unmanned aerial vehicles to assess commercial risk, conduct roof inspections, and capture images of areas hit by natural calamities.

To gain more insights on the digital transformation strategies and initiatives of Chubb, download a free report sample

Chubb Technology Theme Focus

Chubb is utilizing several emerging technologies including artificial intelligence, cloud, and blockchain among others to develop products that enhance the digital experience for its customers and improve its operational processes.

Chubb Technology Focus

Chubb Technology Focus

To know about other technology themes under focus for the company, download a free report sample

Chubb Technology Initiatives

Chubb has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology investments and acquisitions over the last few years. For instance, in 2018, entered into a partnership with HSB to install IoT devices in its policyholders’ homes and businesses The IoT devices come with sensors that can detect water leaks and monitor variations in temperature, humidity, water pressure, and vibrations, automatically sending alerts to homeowners and thus helping them prevent their home from suffering damage.

For more insights on other technology initiatives of Chubb, download a free report sample

Chubb ICT Spend by Function

  • Data center
  • Communications
  • Network
  • Applications
  • End-user computing
  • Management
  • ICT Service desk

Total ICT Spend by Function, 2021

Total ICT Spend by Function, 2021

For more insights on ICT spending by function, download a free report sample

Chubb ICT Spend by Channel

  • Internal development and maintenance (IT staff)
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/consulting firms
  • Specialist outsourcers
  • Systems integrators

Total IT Spend by Channel, 2021

Total IT Spend by Channel, 2021

For more insights on ICT spending by channel, download a free report sample

Chubb External ICT Spend by Segment

  • Software (including Cloud SaaS)
  • Hardware (including Cloud Iaas)
  • ICT services
  • Consulting
  • Network and communications
  • Others

External ICT Spend by Segment, 2021

External ICT Spend by Segment, 2021

For more insights on external ICT spending by segment, download a free report sample

Chubb Digital Transformation Strategies Overview

Total ICT Spending 2021 $1.6 billion
ICT Spend by Function Data Center, Communications, Network, Application, End-User computing, Management, and ICT Service Desk
ICT Spend by Channel Internal development and Maintenance (IT Staff), Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems Integrators
External ICT Spend by Segment Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and Communications, and Others
Technology Theme Focus Artificial Intelligence, Cloud, and Blockchain

Scope

This report provides:

  • Insight into Chubb’s technology activities.
  • Insights of its incubator and accelerator programs.
  • Overview of technology initiatives covering partnerships, technology introductions, acquisitions, and investments.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets.

Reasons to Buy

  • Gain insights into Chubb’s technology operations.
  • Gain insights into its technology strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into its various partnerships.

Key Players

Grab
Snorkel AI
Hartford Steam Boiler Inspection and Insurance Company
Uber
Safeture
Marsh
Transport Alliance
Bunker
DynaRisk
CyberScout
ADT Security Services
AIG
CyberAcuView
CyberCube
IBM
JA Assure
Bushel
U Mobile
Duck Creek Technologies
Willis Towers Watson
GWS Production AB
Aon
CoverHound
Pathpoint
Reliance Worldwide Corporation

Table of Contents

Table of Contents

Overview

Digital Transformation Strategy

Incubator and Accelerator Programs

Technology Focus

Technology Initiatives

Investments

Acquisitions

Partnership, Investment, and Acquisition Network Map

ICT Budget and Contracts

Key Executives

About GlobalData

Frequently Asked Questions

The annual ICT spending of Chubb was estimated at $1.6 billion in 2021.

The key ICT spending categories by function for Chubb are communications, data center, network, applications, end-user computing, ICT service desk, and management.

The key ICT spending categories by channel for Chubb are internal development and maintenance (IT staff), technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.

The key external ICT spending categories by segment for Chubb are software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting, and others.

The key technological theme in focus for Chubb are artificial intelligence, cloud, and blockchain.

$1,495

Can be used by individual purchaser only

$2,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Get in touch to find out about our multi-purchase discounts

reportstore@globaldata.com
Tel +44 (0) 20 7947 2960

Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.

Still undecided about purchasing this report?

Enquire Before Buying

Request a Free Sample

Testimonial

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods