It has not been peer reviewed.
I could make a paper in 5 minutes about how AI can be used to uniquely identify people by smelling their farts. Doesn't mean anything unless it's been peer reviewed.
Until this paper has been peer reviewed, I give it as much credit as I give a flat earth conspiracy person.
Scale that up and the final form is insurance that's controlled by the government. I fully support that btw, the government is supposed to represent the interests of the people (at least in an ideal democracy)