Artificial intelligence (AI) and machine learning technologies should not just be viewed as a short-sighted cost cutting tool, but rather as the “future of employment” for re/insurance companies, according to David Lundgren, CEO of financial tech firm Quantemplate . Speaking in an interview with Reinsurance News, Lundgren noted that efficiency and cost have traditionally been lauded as the main benefits of integrating automated technologies.
This has been evidenced by the reinsurance companies that Quantemplate has worked with to implement machine learning solutions, he said, which have seen clients gain up to a 33% increase in data processing efficiency in some […]
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