Originally Posted by tahiti:
“Do you know Direct Line ? well that is the future of insurance.
Recently I got building insurance. They send you a questionnaire and you fill it in. No-one comes around to check the property you are insuring. I asked them : they look up claims made in the area to assess the risk of subsidence, of flooding, of tree influence and so on. Soon there will be AI programmes to do that too.
It is the same with Retail banking. There won't be local branches. Banks will assess your credit-worthiness or your business plan through an AI programme. The jobs will be to maintain complex computer programmes. These require skilled workers. If Brexit stops them being in supply here , then the jobs will move abroad. It is that simple.”
I'm surprised by this post. I've had insurance with several different companies, with several properties, and I've never had anyone come to assess my property - and I bought my first flat in 1990. Even when I've made claims they've taken my word for it (relating to contents and damage to fixtures and fittings, rather than to the building structure).
The local bank branches have been closing for years, firstly when I lived in London suburbs and now just outside of London. However, it must be more than 5 years since I physically stood inside a bank because I have online banking, as does nearly everybody I know.
Those changes were happening anyway, nothing to do with Brexit. Computers have been around for a long time now ...