Nigel Cade, managing director of The Insurance Claims Service Centre, explained to Insurance Business the innovative ways in which Artificial Intelligence (AI) can be used to help detect and prevent fraudulent claims, but also that a'fraud fighting culture' needs to be present to properly utilise the software. "There is often a zero-tolerance policy, but not necessarily a fraud fighting culture in place," Cade explained. "I don't think that the industry is yet to deal that well with fraud at all." Cade spoke to Insurance Business in anticipation of his presentation on the topic at the TechFest in May. Fraud, he said, was still a pressing issue that the insurance industry must grapple with. "It's huge – it's a huge problem still," he said.

Techfest is the annual science and technology festival of Indian Institute of Technology Bombay.[1] It also refers to the independent body of students who organize this event along with many other social initiatives and outreach programs around the year. Techfest is known for hosting a variety of events that include competitions, exhibitions, lectures as well as workshops. Started in 1998 with the aim of providing a platform for the Indian student community to develop and showcase their technical prowess, it has now grown into Asia's Largest Science and Technology Festival[2] with a footfall of 1.75 lakhs in its latest edition.[3][4][5] The activities culminate in a grand three-day event in the campus of IIT Bombay which attracts people from all over the World, including students, academia, corporates and the general public.[6] The very first edition of Techfest was in 1998. The underlying spirit of Techfest was "to promote technology and scientific thinking and innovation" a motto that has been followed by every Techfest since. Techfest '98 also set the broad outlines of Techfest in the form of competitions, lectures, workshops, and exhibitions which went on to become a standard feature at every Techfest. Entrepreneurship also made an appearance in the 1999 and 2000 editions. Technoholix--Techfest in the Dark, showcasing technological entertainment at the end of each day as well as the hub of on the spot activities, made their debut during these years. Techfest 2001-2002 saw the incorporation of IIT Bombay's department oriented events like Yantriki, Chemsplash and Last Straw. Students from G H Raisoni College of Engineering got the Engineering Excellence Award for best design.

MUMBAI: Have a question for Sophia, the world's first humanoid robot who has been granted citizenship by a country? Sophia will be visiting India, her maiden trip to the country, on December 30 to attend the TechFest--the institute's annual science and technology meet. Select questions asked by Twitterati will be put in front of Sophia by a moderator when she will be on the institute's campus. "We are starting a Twitter campaign wherein users can send questions to Sophia using the hashtag #AskSophia," said Anirudh Poddar, manager, media and marketing, Techfest. In 2014, the Techfest had hosted BINA 48, the most advanced social robot to talk to in the world at that time.