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Aviva looks to invest in artificial intelligence and big data: CEO

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Mark Wilson, chief executive of U.K.-based Aviva P.L.C., said that the insurer is considering acquisitions in artificial intelligence and big data as it looks to overhaul the insurance industry and transform itself into a fintech firm, Eastern Daily Press reported. The insurer is spending £100 million ($128.4 million) annually on digital development to ensure the business remains a step ahead of its rivals, Mr. Wilson said. Aviva is focused on buying start-up firms to plug skills gaps within the business, he added.

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