Advisers Replaced by Machines

Advisers Replaced by Machines.

The reinsurer RGA has produced a survey which shows that the protection industry is predicting advisers will be outsold by machines giving automated advice.

Good growth in the protection market is a diamond in the rough, the market is still broadly flat, while growth for technology in the financial services has been rising faster than ever. This has allowed for things that seemed way off to become easily accessible.

Adding the both together would allow for nice ideas in the protection market, the ideas are all shown in the survey by RGA.

At the RGA conference, the question was asked as to which parts of protection advice could be automated and how long it could take for machines to outsell humans, 84% of people asked felt that protection advice could be automated and 93% said that this could happen within 5 years.