Nippon Life has partnered with AI cloud tech firm H2O.ai to deploy driverless AI tools for the insurer’s business. This will, in turn, better meet the needs of the firm’s policyholders, improve financial security of corporate health insurance unions, and support health promotion and disease prevention.
H2O.ai’s system addresses multiple steps of the data science life cycle with automation designed to reduce complexity across tasks. With this partnership, Nippon Life is in effect creating an entire in-house data science team to implement further AI projects with higher accuracy more efficiently.
In a news release, H2O.ai CEO and founder Sri Ambati said that AI is transforming the trillion-dollar healthcare insurance industry, both for the businesses involved and the care that they facilitate.
“By helping Nippon Life advance their AI initiatives and create better customer experiences, the end result is literally, healthier people. And that’s what matters,” Ambati said.
With the expected adjustment to its yield-curve control policy in June, Nippon Life confirmed recently that it will increase its holdings of Japanese government bonds (JGBs) according to its annual allocation plan.
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