We're making headlines around the world

Posted on 20 Jun 2017 by THE SYDNEY MORNING HERALD

A selfie could become the new way to obtain life insurance.

You'd think life insurance would be almost immune from disruption by technology, but one of the oldest and most data-intensive industries is likely to undergo huge transformation.

If technology being developed in the United States matches the hype, those looking to buy life insurance will be able to have their applications assessed and approved in minutes.

Artificial intelligence is being trained to estimate how long someone will live and their health status – all from a selfie taken by applicant.

North Carolina technology firm Lapetus Life Event Solutions is a leader in the field. With its Chronos technology, the life-insurance applicant takes a selfie and scans their driver's licence photo against which the selfie is compared.

Read the full article here.

Posted on 17 Jun 2017 by GIZMODO AUSTRALIA

Scientists Find Genetic Mutation That Could Increase The Male Lifespan.

Professor S. Jay Olshansky once told Gizmodo, "In the world of ageing sciences, if you want to live a long life, choose long-lived parents." So genetic markers linked to longevity are interesting as hell. But if you have the wrong genes, then the wrong moves might do you in.

A team of researchers from universities in the United States wanted to figure out the role of genetics in human lifespan, specifically relating to growth hormone. The researchers' work shows two main things: First, that a mutation in men's DNA relating to growth hormone might lead to a longer lifespan. And secondly, that treating older people with growth hormone might be dangerous if they don't have the variation.

Read the full article here.

Posted on 29 May 2017 by LA STAMPA

How much does life insurance cost? A selfie is all you need.

Some US insurance companies are testing Lapetus Solutions start-up technology that is based on face analysis to evaluate customer health information.

Soon the insurances could rely on selfies sent to them by customers to calculate life insurance premiums. Some American companies are testing the facial analysis system and developed by Lapetus Solutions start-ups to determine the people’s life expectancy.

Read the full article (in Italian) here.

Posted on 25 May 2017 by PRECISE LEADS

This Startup is Selling Life Insurance Through a Selfie.

Do selfies hold the secret to life expectancy? One tech company thinks so.

Photos posted on social media capture moments from our lives, from major events to trivial snaps of our food. Yet one insurtech startup thinks those fun photos reveal more than just what we did over the weekend. Lapetus Solutions, Inc. has developed facial recognition technology that scans a person’s selfie for clues about his or her lifestyle, informing decisions about life insurance policies.

Read the full article here.

Posted on 19 May 2017 by KTTS

How your selfie could affect your insurance.

Everyone is guilty of taking a selfie, but thanks to a new technology your selfie can showcase more than just a great hair day. A new technology from the company Lapetus in North Carolina cuts down the time you get life insurance.

Karl Ricanek created the technology called Chronos. Chronos uses facial analytics and biodemography to tell how fast or how well someone is aging. In order to be approved for a life insurance policy or know how much your policy will be, your insurance company must look at how you are aging. The faster you’re aging, the bigger the risk you are for them to insure your life.

Read the full article and see the video here.

Posted on 16 May 2017 by FINANCIAL TIMES

Insurance: Robots learn the business of covering risk.

Artificial intelligence could revolutionise the industry but may also allow clients to calculate if they need protection.

One of the most complex professions in the world is at risk of being replaced. By a selfie. Selling life insurance has traditionally involved an in-depth assessment of the customer by a qualified underwriter using a well-worn set of actuarial models. Not any longer. Lapetus, a US-based start-up, believes a selfie can replace much of that. Customers email their finest self-portraits and the computers do the rest, scanning the picture and analysing thousands of different regions of the face.

Read the full article here.

Posted on 9 May 2017 by BILI BILI

Chinese video on Lapetus and CHRONOS.

The Chinese video sharing website BiliBili has posted a video talking about Lapetus and CHRONOS, including fragments of an interview with Lapetus Co-Founder and Chief Data Scientist Dr. Karl Ricanek.

View the full video (in Chinese) here.

Posted on 9 May 2017 by NEWSWEEK

Selfies and death: Life Insurers watching as photos may predict when you’ll die.

Selfies may be most keenly associated with narcissistic young millennials on social media, but they could soon have very serious implications for a person’s future. A company in North Carolina has claimed it can take people’s selfies and use them to predict their life expectancies. And they say the product has already been tested by life insurance companies that could use it to make quicker determinations on whether people qualify for coverage.

Lapetus Solutions Inc., a science and technology company in North Carolina that developed the selfies technology, called Chronos, says it would enable a customer to purchase life insurance in 10 minutes without taking a medical exam.

Read the full article here.

Posted on 5 May 2017 by THE SUN

Selfie Assured. Insurance companies will judge whether to cover you based on a SELFIE because ‘your face reveals all’.

YOUR selfie could soon determine whether you’re accepted by insurers based on whether you look too wrinkly for your age.

Researchers in the US say a new technology could allow customers to buy life insurance online in as little as ten minutes by simply scanning your mug.

Karl Ricanek Jr, cofounder of Lapetus Solutions, has created a tool called Chronos, which can spot tell-tale signs of premature ageing.

And if you’ve been living like a rockstar for too long, Chronos will give the game away.

Read the full article here.

Posted on 5 May 2017 by DIGITAL INSURANCE

Selfies, the latest big data source for life insurance.

As the old adage says, a picture is worth a thousand words. But for life insurers, the value may go beyond that.

That’s the objective of a new insurtech startup, Lapetus, which has developed facial analytics software that uses selfies to analyze body mass index, gender, and even physiological age to determine underwriting risk.

The platform, Chronos, uses machine learning algorithms to extract human faces from images. Its AI engine then looks for intricate signals that give away information life carriers consider when issuing policies.

Read the full article here.

Posted on 26 April 2017 by TEARSHEET

How a selfie could be the key to unlocking a life insurance policy.

The next selfie you take may determine how much you’re going to pay for that life insurance policy.

Lapetus Solutions, a two-year-old startup based in Wilmington, North Carolina, has developed technology to assess a whether a person is aging slower, faster or at par with their chronological age based on a selfie and a series of questions. Beyond the obvious clues to aging, facial lines can also offer clues to other health ailments that can influence how long an individual will live, including whether or not they smoke or body mass index. These insights can help insurers figure out premium costs and radically cut down the time it takes to evaluate life insurance applicants, said the company.

Read the full article here.

Posted on 25 April 2017 by USA TODAY via NERDWALLET

How your selfie could affect your life insurance.

A selfie reveals more than whether it’s a good hair day. Facial lines and contours, droops and dark spots could indicate how well you’re aging, and, when paired with other data, could someday help determine whether you qualify for life insurance.

“Your face is something you wear all your life, and it tells a very unique story about you,” says Karl Ricanek Jr., co-founder and chief data scientist at Lapetus Solutions Inc. in Wilmington, N.C.

Read the full article here.

Posted on 21 April 2017 by GLOBAL NEWS CANADA

Here’s how your selfie could one day affect your life insurance.

When you think of a selfie, life insurance probably isn’t the first thing that comes to mind. However, a company in North Carolina is claiming its product can help determine if you’ll qualify for life insurance.

Lapetus Solutions Inc. in Wilmington, N.C., says its product, Chronos, can help estimate your life expectancy, which is a big factor for life insurers.

According to Canadian Life and Health Insurance Association Inc. (CLHIA), life insurance is “a way to protect your survivors and dependents against financial hardship” and “guarantees payment of the face value of the policy, upon death.”

Read the full article here.

Posted on 20 April 2017 by APOLICE

Insurance companies in the US test selfies for life insurance.

Overcoming the need for scales, blood tests and questionnaires, it is time to make room for: the selfies! Several insurers are testing technologies that use face analysis and other online photo data to estimate people’s life expectancy.

“Your face is something that you have carried and will carry with you all your life. It tells a unique story about you”, said the Co-Founder and head of data of Lapetus Solutions, a company based in North Carolina. The company provides technological services of facial analysis.

Read the full article (in Portuguese) here.