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On the Horizon: New Technologies for Annuity Administration
Buck Link to more items from this source
Mar. 3, 2020

"Today, more defined benefit plan sponsors are using group annuities for their pension de-risking strategy. This is good news for the insurers who provide those annuities, but it does come with a more involved, complex, and time-intensive administration process.... While existing technology eases the burden of these tasks, there are still developments on the horizon that will seriously change the game, making the process more efficient, less costly, and far more effective than it is even today.... [1] Natural language processing ... [2] Artificial Intelligence (AI) ... [3] Data analytics ... [4] Blockchain."

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