6 min read
On July 31st 2024, the Consumer Duty came into effect for both open and closed products, with far-reaching implications for any organisation offering a financial service or product in the UK. This includes the insurance industry, and insurers must...
6 min read
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....
4 min read
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,...
5 min read
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...
4 min read
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...
4 min read
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...
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...
14 min read
Around the world, at least 69 countries have proposed over 1000 AI-related policy initiatives and legal frameworks to address public concerns around AI safety and governance. Here’s what those AI regulations look like at the beginning of 2025...
13 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....
