Geopolitical risks and conflicts (e.g., U.S.-Iran conflict, Strait of Hormuz crisis) increasing demand for specialized insurance products like war-risk and maritime insurance, directly impacting Chubb's business as a lead underwriter for government-backed facilities.

Interest rate environment, as insurance companies invest premiums and higher rates can lead to increased investment income, positively affecting profitability.

Property and casualty insurance pricing environment, as softening pricing in the sector could put pressure on underwriting margins.