The CEO of Berkshire Hathaway, Warren Buffett and the best insurance director Ajit Jain, issued a somewhat skeptical note about artificial intelligence and its impact on insurance work.
“There is no doubt about my mind that artificial intelligence will be a real change in games, and it will change the way we evaluate the risks, we sell the risks, then the way we finish paying the claims,” Jain said. “After saying this, I definitely feel that people end up spending a huge amount of money trying to chase the next new and pavement thing. We are not very good in that we are the fastest, the first drilling.
“At the present time, individual insurance operations are in artificial intelligence and try to know what is the best way to exploit it, but we have not yet made a great effort to pour a lot of money at this opportunity.” “I think we will be in a state of preparation. If this opportunity appears, we will be in a state where we will jump immediately.”
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