AI Replaces Humans Inside A Japanese Insurance Office

Fukoku Mutual Life, a Japanese medical insurance company, published a press release detailing its plans to introduce artificial intelligence software into its payment assessment-related department. The department currently has 131 employees, and has already begun reductions to make way for its new ones. But Fukoku Mutual Life is not just taking a blind leap of faith. Research shows that by introducing AI software, productivity will be increased by 30 percent. And though the company will spend close to 2 million dollars to install, and roughly 130 dollars annually to maintain their new superhuman system, they expect to get a return on their investment in under two years. Most of that is probably coming from the 1.2 million per year they'll be saving by cutting the staff.