07 September 2016 (03:58 UTC-07 Tango 01) 17 Shahrivar 1395/04 Dhu I-Hijja 1437/07 Ding-You 4714

Dai-ichi Life Insurance Company announced plans to create an artificial inteligence (AI) program to predict a person’s likeliness to get sick and die.   Electronics company Hitachi is working on the ‘minority report’ program for the insurance company.

Japan’s Dai-ichi Life will use the AI program to analize the medical records of 10-million clients, and then adjust their policies!   Company administrators are promoting the new AI ‘minority report’ style program as a way to provide insurance coverage to people who currently don’t have insurance!

This news comes a couple of weeks after Dai-ichi Life (through its U.S. subsidary Protective Life, which Dai-ichi Life took over in 2015) took over Florida based United States Warranty Corporation.  USWC’s primary service is asset protection, specifically selling you insurance for unexpected car repairs:  “….our Asset Protection line of business has been performing well and this transaction is a great way to grow the line of business. The two companies both have a history of quality and success, so putting them together creates the potential for the business to grow even stronger and serve more dealerships with these important products. We are pleased to have the USWC team become part of Protective.”-Richard J. Bielen, president and coo of Protective Life