Chubb 2025 Wealth Survey: The Resilient Mindset

Core Insights - The 2025 Chubb Wealth Survey reveals that affluent North Americans are optimistic about economic growth but face significant risks, particularly in cybersecurity and estate planning [1][2] - High-net-worth individuals are increasingly focused on luxury spending, especially in travel and collectibles, while also expressing concerns about wealth protection and extreme weather [1][2] Economic Confidence - 79% of affluent respondents believe the economy will grow in the next 12 months - 67% see more opportunities to build wealth now than ever before, despite concerns about investment loss and extreme weather events [1] Cybersecurity Concerns - Cybersecurity is identified as the top concern, with cyberbullying and identity theft being the most significant issues - Only 41% of respondents have a standalone cyber insurance policy, despite being prime targets for cyberattacks [1] Generational Wealth Transfer - 68% of affluent families plan to pass collections to heirs, but 36% worry about legacy continuation - Nearly half lack a will, and 74% do not have an estate plan, exposing their fortunes to uncertainty [1] Luxury Spending Plans - 44% of high-net-worth individuals plan to expand their collections, with luxury travel being the top spending priority - Upcoming spending plans include 93% for domestic travel, 81% for international travel, and 59% for real estate [1] Wealth Protection Gaps - 77% of those planning to acquire valuables do not intend to insure them - 86% of collectors prefer to conduct their own research rather than engage an art advisor [1] Extreme Weather Risks - 74% of affluent homeowners consider flooding the greatest extreme weather risk to their wealth - 86% are making home improvements to mitigate risks from natural disasters [1] Marine Concerns - 94% of boat owners are concerned about the qualifications of those operating their vessels - Top marine concerns include mechanical breakdown (55%), inadequate insurance coverage (48%), and potential liability (46%) [2]