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....
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...
