Chubb's new auto rating system considers dozens of different underwriting factors, such as driving history, vehicle-to-driver ratio and client tenure. The company said it has exponentially more price points than the prior rating plan, and will allow the insurer to offer more competitive pricing.
Warren, New Jersey-based Chubb Group provides P/C insurance for personal and commercial customers worldwide through 8,500 independent agents and brokers. Chubb's global network includes branches and affiliates throughout North America, Europe, Latin America, Asia and Australia.