IIT Bombay collaborates with SBI Life to build Bharat’s AI & Cyber Innovation Hub for Insurance

IIT Bombay and SBI Life Insurance have entered into a Memorandum of Understanding (MoU) to establish the Bharat AI & Cyber Innovation Hub for Insurance, a joint research and innovation centre aimed at creating indigenous AI-based cybersecurity solutions for the Indian insurance industry. This partnership will ensure enhanced safety of customer information by creating technologies conceived, developed, and owned in India.

This partnership will go a long way towards achieving the vision of Atmanirbhar Bharat, as envisioned by the Government of India, and minimise reliance on foreign cybersecurity frameworks.