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InnoAX opens insurance rate efficiency system for Samsung Life

AI transformation specialist InnoAX said on Monday it has completed building Samsung Life Insurance\'s system to improve efficiency in insurance product rate setting. The project is the first case applying InnoPAS, InnoAX\'s pricing automation system launched last year, the company said. It supports a shift from document-based work to data-driven management, integrating formulas for base product data and linking calculation and verification. InnoAX plans further upgrades using AI technologies.