Efficiencies, expanded exposures drive insurance growth: Greenberg
- October 21, 2025
- Posted by: Web workers
- Category: Finance
Dramatic advances in efficiencies and a continued expansion of exposures drive insurance industry growth, according to Evan Greenberg, chairman and CEO of Chubb Ltd., speaking Wednesday in New York at the 40th annual S&P Global Insurance Conference.
“The ability to be insightful about risk, particularly pricing and selection of risk has dramatically changed and continues to evolve,” Mr. Greenberg said, the result of advances in technology which are then fueled by more plentiful and accurate data.
“We are data companies,” Mr. Greenberg continued, calling the development and evolution of the tools insurers use to analyze that data “stunning.”
The emergence of artificial intelligence, Mr. Greenberg said, will usher in the “next category of efficiencies.”
He called underwriting “an art and a science,” and said AI “holds the promise to improve the science around risk selection.”
Moving to exposure growth, Mr. Greenberg said the U.S. economy is “in very good shape,” broad-based and creating three million jobs per year.
Insurance industry growth is based on exposure growth, Mr. Greenberg said, and “the wellhead of that exposure growth is economic activity.”
“Innovation creates new areas of exposure growth. Changes in science create new areas of exposure growth. I’m very comfortable we can be in business for a long time and continue to grow,” he said.
