Harnessing Machine Learning for Precision Pricing in Motor Insurance

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Selim Cavanagh, Director at Mind Foundry, an organisation that advises insurers on how to make the most out of AI, which is the topic they discuss.

In this episode we cover:

• Who Mind Foundry are and what they aim to do.
• The types of AI that insurers can benefit from using.
• The practical uses of AI for insurers (pricing, fraud and governance).
• Examples of how AI is currently being used to the benefit of insurers and insureds alike.
• The potential challenges faced when implementing AI and using the data effectively.
• How Selim sees the future of AI in insurance and what that might look like in the coming years.

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