The Mind Foundry Blog

Discover the latest articles on Artificial Intelligence and Machine Learning.

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10 min read

What is Continuously Learning AI?

In high-stakes applications, AI often struggles to maintain its performance levels. With certain techniques and approaches, however, we can build AI systems that can continuously learn and adapt on the job. One key to AI’s revolutionary potential...

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6 min read

The Impact of UK and EU AI Regulations on Insurers

AI adoption has accelerated in insurance in recent years, with 77% of insurers indicating they are at some stage of adopting AI in their value chain. At the same time, AI regulations worldwide are becoming more defined, and these regulations will...

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7 min read

Balancing Innovation and Risk: How Insurance Leaders Can Manage AI

AI's potential to drastically enhance the insurance industry is extraordinary and undeniable, with McKinsey estimating AI could add up to $1.1 trillion in annual value for the global insurance industry. But just as AI's potential is beyond question,...

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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 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...

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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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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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How Do Machines Learn? title image

5 min read

How Do Machines Learn? Meta-learning as an Approach

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...

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3 min read

5 Ways to Manage AI Responsibly in Insurance

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,...

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How Machine Learning Models Fail Title Image

4 min read

How Machine Learning Models Fail

In our first blog in this four-part series, we discussed how Machine Learning (ML) models might be considered ‘trustworthy’, and we emphasised challenges in bias and fairness, the need for explainability & interpretability, and types of data drift....

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What makes a Machine Learning model ‘trustworthy’?

7 min read

What Makes a Machine Learning Model 'Trustworthy’?

Last year, Mind Foundry worked closely with Professor Brent Mittelstadt (of the Oxford Internet Institute) to get a deeper understanding of the law, policy, and standards in development surrounding machine learning. The output of this work was an...

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