6 min read
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...
6 min read
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...
10 min read
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.
4 min read
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...
5 min read
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,...
6 min read
In a previous article, we discussed how the recently launched Aioi R&D Lab - Oxford was tackling the problem of ageing populations by using insurance telematics data and AI to detect the risk factors indicating cognitive decline in elderly drivers....
5 min read
We have previously spoken about how AI is more than just an innovation opportunity, despite contrary prevailing wisdom. It can already solve real and complex problems in various challenging environments, with sonar signal processing in the maritime...
5 min read
Fraud is one of the most pervasive threats to the insurance industry, causing damage to both businesses and customers. Every insurer takes steps to try and negate this threat, but how effective are these measures, and could AI hold the key to truly...
5 min read
In the previous two blogs in the series, we addressed what makes machine learning models trustworthy and how machine learning models fail. This blog is focused on how machines learn and one particular approach called meta-learning, which enables...
3 min read
The integration of Artificial Intelligence (AI) and machine learning has already brought transformative opportunities across the rapidly evolving landscape of the insurance industry. As data generation has surged and competition intensified,...
5 min read
AI is everywhere. It has rapidly become an integral part of how we organise our lives, go about our jobs, and get from place to place. And yet, in our discussions with customers, we often encounter a wide range of misconceptions about what AI...
3 min read
At the beginning of 2023, we announced the launch of the Aioi R&D Lab - Oxford, a joint venture between Mind Foundry and our partners Aioi Nissay Dowa Insurance (ANDI) and Aioi Nissay Dowa Europe (AND-E). One of the projects the Lab has worked on is...
