SBI Life Insurance has inaugurated IdeationX, a groundbreaking initiative aimed at fostering life insurance innovation. This initiative encourages future leaders from top B-Schools to devise unconventional solutions that cater to evolving consumer needs in the insurance sector.
Engaging B-Schools for Innovation
IdeationX targets students from prestigious B-Schools nationwide, urging them to think creatively and present innovative life insurance solutions.
Inaugural Edition Success
The inaugural edition witnessed participation from over 1000 students representing renowned B-Schools such as NIA, NIRMA, SIES, KJ Somaiya, IMI, BML Munjal, IMT, and XIME. Following rigorous screening, 320 students advanced to the final round, comprising eight teams of five.
XIME-Bangalore Emerges Victorious
The triumphant team from XIME-Bangalore clinched the esteemed title of SBI Life IdeationX winner, showcasing exceptional creativity and problem-solving skills.
Visionary Insights from SBI Life
Mr. Subhendu Bal, Chief Actuary & Chief Risk Officer at SBI Life Insurance, expressed gratitude for the overwhelming response to IdeationX. He emphasized the importance of nurturing early problem-solving skills among management students to cultivate future industry leaders.
Shaping the Future of Insurance
Mr. Bal underscored the significance of inspiring future leaders to envision universal insurance coverage by 2047. He praised the passion and dedication of the participants, highlighting their potential to reshape the life insurance landscape and contribute to the socio-economic development of the nation.
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