Quantum Computing and generative AI

At the beginning of 2023, we announced the launch of the Aioi R&D Lab – Oxford, a joint venture between our parent company, Aioi Nissay Dowa Insurance (ANDI) and our AI partners, Mind Foundry. One of the projects the Lab is currently working on is how to use quantum computing to deliver societal impact through next-generation traffic management upgrades.

 

Quantum computing promises a revolution in solving complex issues related to motor insurance and telematics data. It enhances traffic flow optimisation, refines road risk assessments, and aids real-time emergency coordination, benefiting insurers and communities alike. Generative AI, particularly large language models, transforms unstructured data like claims documents and customer interactions into valuable insights. This has the potential to significantly expedite claims processing and bolster fraud detection capabilities.