Loan officers likely to be replaced by robots

by AB01 Oct 2013

Loan officers are one of the top 19 professions most likely to be replaced by robots over the next two decades, according to a study carried out by Oxford University researchers.

The report, titled “The Future of Employment: How susceptible are jobs to computerisation,” singled out a number of careers doomed to become de-humanised, including various administration, sales and construction jobs.

“Our model predicts that most workers in transportation and logistics occupations, together with the bulk of office and administrative support workers and labour in production occupations, are at risk,” the researchers wrote in the study.

The top 19 jobs most likely to be taken over by robots include:


2.Title examiners, abstractors and searchers

3.Hand sewers

4.Mathematical technicians

5.Insurance underwriters

6.Watch repairers

7.Cargo and freight agents

8.Tax preparers

9.Photographic process workers and processing machine operators

10.New Accounts clerks

11.Library technicians

12.Data entry keyers

13.Timing device assemblers and adjusters

14.Insurance claims and policy processing clerks

15.Brokerage clerks

16.Order clerks

17.Loan officers

18.Insurance appraisers (auto damage)

19.Umpires, referees and other sports officials


  • by May 1/10/2013 8:48:23 AM

    All the more important for Brokers to be the human face for consumers. The major banks with their credit scoring will easily replace humans with robots - there is no discretion for the credit "assessors".
    The non-bank and second tier banks that do not rely on credit scoring will still need humans.

  • by MCC 1/10/2013 9:55:41 AM

    I would draw the attention of the readers to a book called 'The Last Mortal Generation' by Damien Broderick. Whether we like it or not the speed of robotic technology & the pursuit for immortality will see the human species evolve - think of 1983's 'Blade Runner'. How we as present 'Humans' manage that & integrate with the 'new mixed species' is probabaly a much bigger issue than the dissapearance of jobs. Just spreading the 'mind perameters' a little! (lol)

  • by mac 1/10/2013 1:13:10 PM