Ensure your AI is safe and ready for use across your business.
Insurance is the safety net of society.
We help insurers to solve the problems they face today and create solutions for the global-scale societal problems of tomorrow.
In the complex world of insurance, the Mind Foundry Platform provides a comprehensive suite of advanced AI products designed to address challenges spanning pricing, claims management, and fraud detection, with controls for AI governance, explainability, and fairness.
With regulation increasing, Mind Foundry is a backstop that gives you peace of mind and protects your profit line.
Offerings
In highly regulated environments where risk and complexity are high, organisations rely on Mind Foundry to deliver solutions that truly perform.
Pricing
Build, deploy and govern pricing models effectively with explainability, provenance, and performance monitoring features required by AI regulations.
Build, deploy and govern your fraud models effectively with in-built controls for fairness and bias metrics, data integrity, data drift, privacy, model robustness, and more.
Complex and challenging problems require specific and customised solutions. The Mind Foundry Platform enables you to collaboratively build, train, and use models whilst keeping everything under one pane of glass.
AI Safety
The biggest problems arise from the things we do not understand. By providing clear insights into all of an AI’s operations, Mind Foundry empowers organisations to enhance safety through transparency and trustworthiness.
Strategic advantage
We have barely scratched the surface when it comes to AI’s potential to impact the insurance industry. The Mind Foundry Platform helps you build solutions and create your own intellectual property, giving you a unique advantage in a competitive industry.
Models that get better
Continuous Metalearning improvements push your models’ performance beyond their day-one capability with automatic updates when new trends are detected and continuous support to models in production.
"What was critical in the success of the large loss solution, was that AND-E had the domain expertise and previous knowledge about large loss accidents, proven and enhanced by the Machine Learning models created by Mind Foundry. As human insight helped inform what the models learned, the model’s insights helped the insurance experts learn more about the world and how to understand and better manage the risk in their portfolio."
Greg Cole UK Claims Director
"Our collaboration demonstrated the quality and power of the Mind Foundry Platform and its world-class talents who enhanced our machine learning capabilities. Now we are embarking on an ambitious project to transform our entire insurance operation on a global scale to lead the rapidly evolving mobility insurance sector by joining forces with Mind Foundry.”
Jun Ikegami CEO
"Mind Foundry’s fraud solution enabled AND-E to improve fraud detection by 120% within the first month of adoption, compared to our traditional system. We expect this to continue improving as the model continuously learns and we expand our partnership. This is hugely beneficial to both AND-E and our customers, helping us to eliminate more fraudsters and become more competitive by reducing the cost of fraud being passed onto our customers."
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....
