Innovative AI Collaboration: SUD Life and IBM Partner for Gen-AI Investment Solutions

Star Union Dai-ichi Life Insurance and IBM's fintech partner QuantumStreet AI have announced a collaboration to design Gen-AI-based investment products. The partnership will integrate IBM's AI platform watsonx to enhance performance in the large-cap space. The joint effort aims to benefit retail clients and set a new standard in the Indian insurance industry.

Star Union Dai-ichi Life Insurance (SUD Life) and IBM's fintech partner QuantumStreet AI have teamed up to design pioneering Gen-AI-based investment products. The collaboration aims to integrate IBM's enterprise AI platform watsonx into SUD Life's investment offerings, targeting superior performance in the large-cap sector.

Leveraging the advanced capabilities of watsonx, the partnership seeks to generate insights that will form the core of these offerings, differentiating them in the market. Retail clients stand to benefit significantly from the trustworthy and responsible use of AI, according to a company statement.

Announcing the partnership at the IBM Think 2024 event, IBM India MD Sandip Patel emphasized that this collaboration sets a new benchmark for the Indian insurance sector. Future plans include exploring joint product development in Japan.

(With inputs from agencies.)