Dive Brief: <\/p>\n
Insurance underwriters are the most likely to be replaced by automation in the near future, according to Carl Frey co-director of the Oxford Martin program on technology and employment at Oxford University, who published a study on the topic. <\/p>\n
Real estate brokers, loan officers and credit analysts were not far behind. Each of the occupations had more than a 97% chance of becoming completely automated within 10 years, according to Frey. <\/p>\n
Physicians and surgeons, sales engineers and dietitians and nutritionists were at the bottom of the list, indicating those positions would be harder to replace with automation. <\/p>\n
It isnt a big surprise that the insurance industry is at the top of the list. There are many areas within the insurance industry ripe for automation, and businesses within the ultra-competitive industry are always on the lookout for ways to save money. <\/p>\n
Last month, Fukoku Mutual Life Insurance in Japan said it was already replacing some human insurance claim workers with an artificial intelligence-based system from IBM. Fukoku said the system will replace 34 human insurance claim workers, saving it $1.1 million per year on employee salaries. <\/p>\n
A recentForrester reportpredicted automation supported by intelligent software agents will be on the rise in the next five years, accounting for the elimination of a net 6% of U.S. jobs. <\/p>\n
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Automation expected to displace insurance underwriters, real estate brokers - CIO Dive<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Dive Brief: Insurance underwriters are the most likely to be replaced by automation in the near future, according to Carl Frey co-director of the Oxford Martin program on technology and employment at Oxford University, who published a study on the topic. Continue reading