Gen Re has launched a prototype allowing consumers to purchase insurance by using facial analytics. Using Lapetus Solutions’ Janus technology, the capability allows applicants purchase life, hospital cash or accidental death insurance by uploading a selfie from their smartphone. The engine calculates an estimation of age, gender and BMI to generate a premium. The technology
Global reinsurer Gen Re has developed a new mobile application that uses facial analytics technology to help customers purchase Life, Hospital Cash and Accidental Death insurance policies. facial-recognition-softwareThe NOW app uses technology by Lapetus Solutions to quickly estimate factors such as a user’s age, gender and BMI based on an uploaded image of their face.
When it comes to buying insurance, how often do we hear that it’s not the purchase that’s the grudge, but the process? COLOGNE, Germany–(BUSINESS WIRE)–Gen Re’s NOW app uses facial analytics technology to offer a quicker, easier – and fun – way to purchase Life, Hospital Cash or Accidental Death insurance. The prototype was just
When it comes to life insurance, many millennials understand the financial risk of not having it — the need — but might not be aware of what kind of policy they need or how to procure it. Current obligations, like student loans, mortgages and other debt, also can be roadblocks. It’s about affordability and share
37 startups from over 10 countries competed for the USD 1 Million Dollar (~INR 7.5 Crore) grant from the Government of Andhra Pradesh at the just concluded Vizag Fintech Festival held from October 22-26, 2018. The Government of Andhra Pradesh, in strategic collaboration with its challenge partners, DCF Ventures and Bizofit have selected two startups