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...
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...
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
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...
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,...
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 is currently...
6 min read
It’s hardly a secret that data is the lifeblood of the insurance sector. Some experts predict there will be over 30 billion connected devices worldwide by 2025, and the resulting explosion of data, coupled with huge leaps forward in the capabilities...
6 min read
Generative AI (GAI) has been firmly at the centre of discussion ever since it was popularised by the launch of ChatGPT in November 2022. Although the insurance sector, with its focus on cost, has generally reacted with interest and excitement to the...
5 min read
In February 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). This is the first of its kind research lab, so...
