SBI Life, IIT-B launch Bharat Innovation Hub to bolster AI and cyber defences

SBI Life Insurance, one of the country’s most trusted private life insurers, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Bombay (IIT Bombay) to establish ‘Bharat’s AI & Cyber Innovation Hub for Insurance’ (the “Bharat Innovation Hub”), a joint research and innovation centre dedicated to building India’s own deep-technology defences for the insurance sector. This partnership will ensure enhanced safety of customer information by creating technologies conceived, developed, and owned in India.