The Mind Foundry Blog

Discover the latest articles on Artificial Intelligence and Machine Learning.
Black Box Explainability in Insurance Feature Image

7 min read

How Complex Models Can Be Made Explainable for Insurance

In the insurance industry, understanding and trusting the decision-making process of predictive models is essential. Historically, insurers used simple models that were easily explainable to regulators, but in recent years, as many models have...

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Consumer Duty Implications in Insurance Feature Image

6 min read

The Consumer Duty and Its Implications for Insurers

On July 31st 2024, the Consumer Duty will fully come into effect for both open and closed products. With it comes far-reaching implications for any organisation offering a financial service or product in the UK. This includes the insurance industry,...

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Accelerating AI's Operational Impact in Defence

6 min read

Accelerating AI’s Operational Impact

In defence and national security, the nature of problems and the environments in which they occur make operationalising AI hugely challenging. This is especially true of the maritime domain, where threats are becoming more prolific and advanced....

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4 min read

AI and Sonar: Cutting Through the Noise

In the maritime domain, gaining a better understanding of increasing volumes and higher fidelity sonar data has well-known and potentially game-changing advantages. Nevertheless, in complex problem spaces like those in defence and national security,...

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AI Governance in Insurance Fraud

5 min read

Why AI Governance Matters in the Fight against Insurance Fraud

Fraud is one of the most pervasive threats in the insurance industry. Insurance fraud is estimated to cost insurers £1.1 billion in the UK alone. As the cost of living has placed more people under significant financial pressure, authorities warn of...

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Practical Steps for Scaling AI Governance in Insurance Pricing

4 min read

7 Steps for Scaling AI Governance in Insurance Pricing

The complexity of modern pricing models, coupled with the regulatory changes that are due to come into effect this year, means that insurers need to start implementing proper AI governance. However, scaling this governance to span a business that...

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4 min read

Aioi R&D Lab - Oxford in 2024

One year into its mission to solve global-scale societal issues through the creation of products and services powered by AI technologies, the Aioi R&D Lab - Oxford is breaking barriers in global collaboration, driven by a commitment to the...

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6 min read

Why Insurance Pricing Needs AI Governance

Insurance is an incredibly competitive industry. The sheer number of customers, competitors, and small margins make for an adversarial landscape. Pricing is like a microcosm of the insurance industry, with every insurer jostling for the attention of...

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AI Regulations around the World

6 min read

AI Regulations around the World

This article will continue to evolve and change as new details and milestones around AI Regulations emerge. A history of these edits can be found at the end of the piece. In the last decade, we have witnessed the most significant progress in the...

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Mind Foundry blog index

9 min read

All of Mind Foundry's Blogs

Here are the blogs that Mind Foundry has written recently. We've separated them into their respective topics or sectors to help you find what you're interested in.

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Explainability in pricing

4 min read

Why Is Explainability Important in Insurance Pricing?

As an industry driven by data and complex algorithms, the insurance sector stands at a crossroads where transparency and explainability in pricing models are becoming more than just best practices—they're becoming imperatives. As the tools and...

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Designing for Deployment Feature Image

5 min read

AI in Defence: Designing for Deployment

With its unparalleled ability to extract insight from burdensome volumes of raw data, AI is more than an opportunity to innovate. Nevertheless, this doesn’t make it the answer to every problem involving data. Even when applied to the right problems,...

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News, announcements, and blogs about AI in high-stakes applications.