Q&A: Qraft Technologies’ COO on AI-powered life insurance products

Qraft Technologies has expanded its successful partnership with Hana Life Insurance to offer more variable insurance funds powered by Qraft's proprietary AI models. These models analyze vast financial data to quickly identify investment trends and risks, helping manage portfolio volatility for better returns. With a proven track record of powering over 20 annuity products launched by 8 insurers in South Korea, Qraft designs its AI specifically for insurance investors by building multi-asset portfolios beyond traditional correlations. As an independent AI solutions provider backed by $146 million from SoftBank, Qraft differentiates itself through deep expertise in both AI and markets. While client education posed initial challenges, adoption is growing as AI helps to customize products based on demands. Qraft's models effectively managed risks through the 2020 crash and 2023 bank collapse by detecting downturns in vast data. Further US life insurer partnerships are anticipated as the industry embraces AI capabilities for innovative, tailored offerings. To find more about the article, visit the link below.