IIT Bombay and SBI Life Insurance launch the Bharat AI & Cyber Innovation Hub for Insurance, aimed at developing indigenous technology solutions for India’s insurance sector. Under the initiative, the partners plan to work on AI and cybersecurity capabilities, with reports also referencing quantum-related technology as part of the long-term development focus. The collaboration is positioned as an industry-academia effort to strengthen digital security for insurers and to support safer, more resilient operations as the sector expands its technology use. Sources describe the hub as a way to reduce reliance on imported technologies by building local expertise and solutions tailored to India’s needs. The partnership also emphasizes the creation of a skilled workforce through involvement from IIT Bombay and related research and training efforts. Overall, the initiative seeks to foster homegrown innovation in areas such as AI-driven security and cyber defence for insurance companies, while building capability for future digital and technology developments.