Allianz adds AI fund to Team Challenge lineup

By Nam Hyun-wooArtificial intelligences (AIs) don’t just play games and write articles. They’re also trying to make money through investments.Allianz Life Korea said Sunday that its unit-linked product of the Allianz Team Challenge Variable Universal added one more fund operated on the back of AI technology, beginning this month.”For our Team Challenge products, six funds competed in terms of profit rates, and policyholders can select at least one to six. We have introduced a new AI-powered fund to the lineup to make it seven,” an Allianz Life official said.”The fresh fund adopts machine learning. It tries to find patterns by analyzing a large amount of past data so as to come up with an optimal asset allocation strategy.”Machine learning has recently become paramount in the AI industry.It is basically what…


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