Automation technologies, including machine learning and robotics, play an increasingly greater role in our everyday lives.
Recent research from McKinsey and Company shows that actually the story around robotic and automation is actually quite nuanced.
The authors reveal that while automation will eliminate very few occupations entirely in the next decade, it will affect portions of almost all jobs to a greater or lesser degree, depending on the type of work they entail.
You will find below some insights on the impact of automation technologies on insurance too.
Last year, we showed that currently demonstrated technologies could automate 45 percent of the activities people are paid to perform and that about 60 percent of all occupations could see 30 percent or more of their constituent activities automated, again with technologies available today. In this article, we examine the technical feasibility, using currently demonstrated technologies, of automating three groups of occupational activities: those that are highly susceptible, less susceptible, and least susceptible to automation.