Business
Chubb Unveils "The Remittance Trust Trap": Global Research Exposes Hidden Vulnerabilities Among Senders, Especially Gig Workers
Chubb, a world leader in insurance, today announced the findings of its comprehensive global study of 3,500 international remittance senders in its ground-breaking report, "The Remittance Trust Trap: Revealing Hidden Vulnerabilities," which uncovers critical and often overlooked risks faced by international remittance senders, particularly those in the burgeoning gig economy.
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[{"type":"text","content":"The inaugural Sender Market Vulnerability Index spotlights the financial fragility of foreign workers, and a disconnect between senders' trust in remittance services and their actual risk","length":191,"tagName":"p"},{"type":"text","content":"NEW YORK, Sept. 24, 2025 /PRNewswire/ -- Chubb, a world leader in insurance, today announced the findings of its comprehensive global study of 3,500 international remittance senders in its ground-breaking report, "The Remittance Trust Trap: Revealing Hidden Vulnerabilities," which uncovers critical and often overlooked risks faced by international remittance senders, particularly those in the burgeoning gig economy.","length":429,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Chubb INA Holdings)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Chubb INA Holdings)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":40,"url":"https://media.zenfs.com/en/prnewswire.com/cafe8e4d5512c441ed9c70b1daeb2698"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/wrgPIWFdm9pmZfXsPM.xnw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcxO2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/cafe8e4d5512c441ed9c70b1daeb2698","width":400,"height":40}},"href":"https://mma.prnewswire.com/media/1636241/CHUBB_Black_RBG_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Remittances constitute the principal, and sometimes the sole, financial conduit to many individuals and families at the household level. These remittances are not simply financial transactions but vital lifelines that contribute to nutrition, healthcare, education, and financial safety nets for recipient families. Without these funds, recipients may struggle to afford essentials like food, shelter, and clothing. And beyond individual households, remittances can contribute to local economies by increasing spending power and fostering community development.","length":561,"tagName":"p"},{"type":"text","content":"The report highlights a significant disconnect between senders' perceived trust in remittance services and the actual risks they encounter, as measured by the launch of research's inaugural Sender Market Vulnerability Index (SMVI). This innovative and first-of-its-kind tool assesses the economic, social, and technological dimensions of vulnerability from remittance...