REPORT

Bringing AI to Aioi Nissay Dowa Europe

The insurance market is rapidly evolving. Providers are integrating Artificial Intelligence (AI) to take advantage of the explosion of data emerging from connected devices, smart cities, and the changing relationships between humans and technology.

Keeping up with the advancements in AI is essential. It doesn’t just affect the bottom line, it affects the lives of millions.

Mind Foundry and Aioi Nissay Dowa Europe (AND-E) have been working together to drive digital transformation throughout a number of their business lines and departments. 

 

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Throughout this report we will look at:

  • The four myths around AI adoption: There are some important considerations when it comes to creating value from AI in
    insurance, as well as misconceptions in the prevailing wisdom about AI adoption. In particular, there are four myths that we want to dispel.

  • AI in action at AND-E: The insurance industry has a long history of using data to identify, assess, and manage risks, and has always appreciated the value of data and analytics. AND-E have been investing in AI and Machine Learning for many years, and in collaboration with Mind Foundry, responsible use of AI can improve revenue and operational efficiency, and most importantly, provide better products and services to our customers.

  • The future of AI in insurance: We can’t talk about AI as a future technology. AI adoption is already growing rapidly in the insurance industry, and it will eventually be universally adopted as a technology.

  • Going from Artificial Intelligence to Organisational Intelligence: No discussion of the future would be complete without mentioning something that we’re supposed to be afraid of. I’m sure that you’ve all heard about the idea of superintelligence - an AI so powerful that it can improve itself until it ultimately becomes self-aware. Fortunately, it’s safe to say that this is a very unlikely outcome...

 

Brain head shot

Brian Mullins, CEO, Mind Foundry
Brian has been at the forefront of how technology can positively change people’s lives throughout his career. Brian has over a decade of experience in high-growth technology companies across industries such as Artificial Intelligence, Augmented Reality, and Robotics. Brian has been awarded over 100 patents, received an Edison award for Industrial Design and was named one of Goldman Sachs ‘100 Most Intriguing Entrepreneurs’.

 

 

Warren Head shot

Warren Hetz, UK CEO, Aioi Nissay Dowa Europe
As Chief Executive Officer of AND-E, Warren is well-versed in the world of insurance. He qualified as an Actuary in 2009 and has worked in the motor insurance industry for 16 years across multiple disciplines and international markets. As CEO, Warren has led investments in innovation, people and efficiency while positioning AND-E as a leader in telematics and connected mobility protection.

 

Nika Head shot

Nika Lee, Ex-UK CUO, Aioi Nissay Dowa Europe
Since joining AND-E in 2015 in a R&D role within the Actuarial department, Nika has held numerous roles in Actuarial, Pricing, and Analytics before becoming UK Chief Underwriting Officer. Her career began in 2006, joining one of the largest international insurers, upon qualifying as an Actuary; since then, Nika has acquired over 15 years of experience across multiple disciplines and territories, giving her the expertise and commercial astuteness required to build innovation into the mobility space.

 

Jo head shot

Jo Crown, Ex-Product Director, Mind Foundry
Jo is a Product Director with experience in building cutting-edge computational technologies and bringing them to market. Before her role at Mind Foundry, she headed the Strategic Initiatives Group at Wolfram Research. Jo is passionate about future technology and uses her strategic consulting experience to connect innovative AI products and tech to new customers and use cases. Her deep understanding of complex scientific processes combined with her ability to tell a clear, simple story helps us all to see the forest for the trees.

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