Fukoku Mutual Life Insurance Co – Fukoku Mutual Life Insurance Co (JP:FUKOKU) has 0 institutional owners and shareholders that have filed Forms 13D/G or 13F with the Securities Exchange Commission (SEC). including the largest shareholders.
The institutional ownership structure of Fukoku Keskinäinen Henkivakuutus Oy (FUKOKU) shows the current positions in the company by institution and fund, as well as the latest changes in position sizes. The largest shareholders can be individual investors, investment funds, hedge funds or institutions. Schedule 13D shows that the investor owns (or owns) more than 5% of the company and intends (or intends) to actively change its business strategy. Schedule 13G shows a passive investment of more than 5%.
Fukoku Mutual Life Insurance Co
The Fund Sentiment Score (fka Ownership Accumulation Score) looks for the stocks most bought by funds. It is the result of a sophisticated, multi-factor quantitative model that identifies companies with the highest institutional concentration. The scoring model uses a combination of disclosed owners’ total additions, portfolio allocations between these owners, and other metrics. The number ranges from 0 to 100, with higher numbers indicating a higher level of acculturation to peers and 50 being average.
The Building Of Panin Life Is Seen In Jakarta December 6, 2012. Japan’s Dai Ichi Life Insurance Co Ltd And Fukoku Mutual Life Insurance Company Are Among The Companies Shortlisted To Buy A
Details for 13F filing are free. Premium membership is required to access NP registration information. Green lines indicate new locations. The red lines indicate the off position. Click the link icon to view the full transaction history. Insurance company Fukoku Mutual Life Insurance is laying off 34 employees and replacing them with IBM’s Watson Explorer AI.
A future where people are replaced by machines is becoming a reality at an insurance company in Japan, where more than 30 employees will be laid off and replaced with an artificial intelligence system that can calculate payments to policyholders.
Fukoku Mutual Life Insurance believes it will increase productivity by 30% and see a return on its investment in less than two years. The company said it will save around ¥140m (£1m) a year after installing a ¥200m (£1.4m) AI system this month. It costs about 15 million yen (£100,000) a year to maintain.
It is likely that 34 employees will hardly feel the transfer by the end of March.
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The system is based on IBM’s Watson Explorer, which the tech company says is “cognitive technology that can think like a human” that allows it to “analyze and interpret all your data, including unstructured text, images, audio and video.”
According to the Mainichi Shimbun, the technology is able to read thousands of medical certificates and the length of hospitalization, medical history and all surgical procedures before calculating payments.
While the use of artificial intelligence will greatly reduce the time needed to calculate Fukoku Mutual’s payments – which are believed to total 132,000 in the current financial year – the sum will not be paid unless a staff member approves it, the newspaper said.
Japan’s shrinking, aging population and its robotics prowess make it an excellent testing ground for artificial intelligence.
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According to a 2015 report by the Nomura Research Institute, by 2035, almost half of the jobs in Japan will be done by robots.
Dai-ichi Life Insurance has already implemented a Watson-based system to assess payments – although it has not cut staff – and Japan Post Insurance is interested in implementing a similar arrangement, Mainichi said.
Artificial intelligence may soon play a role in the country’s politics. Next month, the Ministry of Economy, Trade and Industry will introduce artificial intelligence in a trial run to help civil servants prepare answers to ministers in government meetings and parliamentary sessions.
The ministry hopes AI will help reduce the long hours spent by bureaucrats preparing written responses to ministers.
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If the trial is successful, other government agencies may adopt it, according to GG News Agency.
For example, if a question is asked about energy conservation policy, the AI system will provide government officials with a list of relevant topics for discussion based on relevant information and previous similar questions.
However, the march of Japan’s AI robots has not been entirely flawless. Late last year, a group of researchers gave up trying to develop a robot smart enough to pass the prestigious Tokyo University entrance exam.
“Artificial intelligence is not good at answering questions that require the ability to understand meaning across a wide spectrum,” National Institute of Informatics professor Noriko Arai told Kyodo News Agency. The construction of Panin Life can be found in Jakarta. Dec 6, 2012. Companies shortlisted to buy a large minority stake in Indonesia’s Panin Life for about $200 million include Japan’s Dai-ichi Life Insurance Co Ltd and Fukoku Mutual Life Insurance Co, according to sources. PT Panin Financial, controlled by Indonesia’s powerful Gunawan family, plans to sell up to 40 percent of its life insurance unit. The shortlisted companies have been asked to submit binding bids by the end of this month, said sources with knowledge of the deal. REUTERS/Supri (Indonesia – Tags: BUSI
Japan: Company Replaces Human Employees With Artificial Intelligence
The Panin Life building is seen in Jakarta on December 6, 2012. Companies selected to buy a large minority stake in Indonesia’s Panin Life for about $200 million include Japan’s Dai-ichi Life Insurance Co Ltd and Fukoku Mutual Life Insurance Co, according to sources. PT Panin Financial, controlled by Indonesia’s powerful Gunawan family, plans to sell up to 40 percent of its life insurance unit. The shortlisted companies have been asked to submit binding bids by the end of this month, said sources with knowledge of the deal. REUTERS/Supri (Indonesia – Tags: Company)
Available for editorial use only. Contact us for professional commercial use including advertising, marketing, promotion, packaging, commercials and consumer or business products. or personal use personal prints, cards and gifts or references to artists. For non-commercial use only, not for resale. Artificial intelligence, or artificial intelligence, is the wave of the future, and companies are constantly improving human brain computers. We already have driverless cars and smartphones that talk to us. We have Alexa and Google Home that answer your questions at home or at work just by asking. Although many computer-controlled machines are used in industry, it was only a matter of time before artificial intelligence entered the workforce to replace its human counterpart. Fukoku Mutual Life Insurance in Japan is laying off 34 employees and replacing them with an artificial intelligence system.
This new AI system is able to calculate premiums for its policyholders, saving the company about $1.2 million a year and increasing efficiency by 30 percent. The system costs about 1.7 million dollars, but then its maintenance costs about 130 thousand dollars a year. The new system is based on IBM’s Watson Explorer, which can handle “cognitive technology that can think like a human” and enables it to “analyze and interpret all your data, including unstructured text, images, audio and video.” In order to calculate the payment, thousands of medical records and the length of hospital stay must be read, and with the help of artificial intelligence, the time required to complete this process is greatly reduced. Fukoku received 132,000 payment requests last year, so the saving in time and money is small. With all this speed, a person who lives checks every payment for final approval.
Japan’s aging and shrinking population, not to mention its love of robots, make the country an excellent candidate for testing artificial intelligence systems. According to a report published by the Nomura Research Institute in 2015, robots could replace almost half of the jobs in Japan by 2035. Other insurance companies are also making use of AI systems, but only to estimate payments, and many are considering using them elsewhere in the business. The government is also involved – starting next month, it will take on the role of a draftsman instead of spending hours with bureaucrats answering ministers’ questions. This is temporary to see how well the process works. It is clear that Japan is embracing the world of artificial intelligence. Fukoku Mutual Life Insurance Company disclosed a total of 272 holdings in its most recent SEC filing. The latest portfolio valuation is USD 1,186,664,479,000. Actual assets under management (AUM) is this value plus cash (which is not disclosed). Mutual life insurance company Fukoku’s top holdings are Merck & Company, Inc. (US:MRK ), Broadcom Inc (US:AVGO ), AbbVie Inc (US:ABBV ), iShares Select Dividend ETF (US:DVY ) and Microsoft Corporation (US: MSFT ) FUKOKU Mutual Life Insurance Company’s new assignments include Alphabet Inc ( US:GOOGL ), includes Open Text Corp. (US: OTEX ), Hubbell Incorporated (US: HUBB ), MGM Resorts International (US: MGM ) and IDEXX Laboratories, Inc. (US:IDXX).
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All Mutual Life Insurance Company FUKOKU companies are listed in the tables below. The information comes from 13D/13G, 13F and N-Q files. Green lines indicate new locations. The red lines indicate