Artificial intelligence insurance technology replaces 34 human staffers

In a move that sounds as though it was plucked straight out of a science fiction novel, a Japanese insurer has used AI insurance technology to replace 34 human staff members. The company in question is Fukoku Mutual Life Insurance. The employees were replaced by the insurance technology which is capable of calculating insurance payouts on its own. The insurer has stated that it feels productivity will increase by 30 percent as a result of the removal of the humans in favor of the AI. The system will be installed before January comes to a close.