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virtual insurance, artificially intelligent chatbots

In the Sixties, there was a quirky show called "Lost in Space," where one of the main characters was a robot. The robot was the surrogate guardian of one of the young space family members, Will. When the robot sensed a threat, it would mechanically say: "Danger, Will Robinson!" The robot looked like a refrigerator with dryer vent arms, but it could sound that alarm. The TV robot's ability to respond…

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talking bot for insurance, chatbot platform

Northwestern economist Benjamin Jones and other academics are exploring how artificial intelligence could shape economies."If machine learning can really take over all human tasks and take over ideas of innovation, then it would be possible to get a radical change in the growth rate," Jones told CNBC.Some have hypothesized that AI could enter into a rapid cycle of self-improvement, with each new cycle more intelligent than its predecessor.From Amazon's Alexa…

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RPA for insurance

Insurance companies' robotic process automation programs are maturing, but remain about a year behind other financial services sectors in widespread adoption. That’s according to a new survey by PwC, which analyzed the current implementation efforts of 65 carriers, banks and capital market firms to determine the future scalability of the technology. Tier-one P&C and life companies, however, tend to have sizable RPA programs in place, says Kevin Kroen, PwC’s U.S. financial…

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Chatbots, computer programs that typically use text-based live chat as an interface to carry out tasks for customers on behalf of the business, are emerging as an inexpensive way to introduce artificial intelligence (AI) in banking. New digitally savvy companies have found success attracting consumers with user-friendly offerings, while legacy banks are finding it difficult to invest in and adopt innovative products. To remain competitive, these large banks will have to…

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