News & Insights
Mind Foundry announces a new AI research lab in Oxford in partnership with global insurance brand Aioi Nissay Dowa Insurance (ANDI) and Aioi Nissay Dowa Europe (AND-E).
- Mind Foundry, an Oxford University spinout that develops AI for high-stakes applications, has announced a continuation of their successful collaboration with the Aioi Nissay Dowa group.
- The Aioi R&D Lab will focus on developing real-world AI solutions to major societal challenges through better insurance.
Mind Foundry has a developed a responsible AI platform designed for use when decisions affect the lives of individuals, or are made at the scale of a population, empowering teams to make the ethical decisions they care about, to transform society for the better. To date, the Mind Foundry platform has been used to create responsible AI solutions for some of the most challenging problems, from detecting fraud costing businesses millions of dollars to collaborative intelligence processing.
Keisuke Niiro, President of ANDI said: “Insurance was born in the UK and breakthroughs of many kinds have their origin here, so it’s the perfect place for our new hub of innovation. The R&D Lab aims to solve global-scale social issues through developing cutting-edge insurance and services utilising AI technologies. The Lab will develop innovative solutions through combining cutting-edge capabilities of Oxford researchers, AI provided by Mind Foundry, and the world-class insurance capability of Aioi Nissay Dowa Insurance. Coming together as “One Team,” I am confident Aioi Nissay Dowa and the experts in the Oxford ecosystem can offer solutions that will have a tremendous impact on the world.”
Mind Foundry CEO Brian Mullins said: “Mind Foundry is dedicated to tackling high-stakes problems with AI – and the insurance sector is not only one that impacts all of our lives both individually and at scale but it’s also at the forefront of long-term thinking about global economic problems and the effects of change on people and civilisation. We could not have better partners as we take on some major challenges in that field with this R&D Lab. ANDI shares our aspirations and understands the importance of digital transformation working with – not against – society, and we will also benefit from the University of Oxford’s rich ecosystem, which has been at the cutting edge of AI research for decades. We look forward to deepening our relationship with ANDI and the University of Oxford and working together to create a more inclusive and fairer world for all.”
Read more about the Aioi R&D Lab in the full press release here.