WTW announces collaboration with key academic researchers & more…Keep up with what has been happening this week in our latest insurance news round-up…

India’s general insurance sector projected to reach $57.3 billion by 2028

The general insurance market in India is forecasted to grow substantially, achieving a gross written premium (GWP) of INR 4.89 trillion (US$57.3 billion) by 2028, marking a significant increase from INR 3.35 trillion ($40.36 billion) in 2024.

Australia:General insurance body outlines AI-related risks and opportunities

Strengthening protections around AI must start with sharpening or otherwise adjusting existing regulatory frameworks, says the Insurance Council of Australia (ICA).

The Universal Postal Union (UPU) and AXA Join Forces to Advance Inclusive Insurance through Postal Networks

“This collaboration with AXA comes at a pivotal moment for the UPU as we work more closely with private sector partners to exchange knowledge, innovate, and ensure that postal financial services become more inclusive to meet the needs of customers,” said Masahiko Metoki, Director General Of The Universal Postal Union

WTW announces collaboration with key academic researchers to quantify security impacts of climate change

WTW has announced the launch of a new collaboration between its WTW Research Network and two academic researchers:  Cullen Hendrix, a senior fellow at the Peterson Institute of International Economics (PIIE) and senior research fellow at the Center for Climate & Security; and Ida Rudolfsen, a senior researcher at the Peace Research Institute Oslo (PRIO) and Doctoral Researcher at Uppsala University’s Department of Peace and Conflict Research.

Warren Buffett’s Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb bolstering EU Insurance Sector

Warren Buffett’s Berkshire Hathaway on Wednesday revealed a new $7 billion stake in fellow insurer Chubb.