LSI in the News

We're making headlines around the world

Posted on 08 AUG 2018 by ATELIER.BNPPARIBAS

Selfies becoming a useful tool for payments and insurance?


Biometrics, including fingerprints, retinal scans, and voice or face recognition, are increasingly gaining ground as a means of authenticating payments. Now selfies are starting to be used by a growing number of not only FinTech but also InsurTech companies as a new identification tool.

Most startups that make use of smartphone self-portraits (selfies) do so for aesthetic or entertainment purposes. Mainly in connection with mobile apps, selfies are proving especially useful in the beauty and fashion sector – for virtual try-outs of makeup (as with the Augmented Reality images offered by Canadian startup Modiface, which was recently acquired by L'Oréal), hair-styling (with the Madi chatbot created by California-based Madison Reed), for trying on clothes, or even for helping to decide on acne treatment (MDacne). Meanwhile, on a much lighter note, French firms Selfie pour mamie (literally: Selfie for Granny) and even more recently Postmii specialize in turning digital selfies into on-paper printouts and postcards for sending to older loved ones. In similar vein, Selffee enables customers to superimpose a self-portrait on to a cookie, cake or other edibles.


Smile, you're now insured!

Not only FinTech specialists are keen to switch to the use of facial characteristics as proof of ID: insurance sector players are also thinking of doing so. Quite apart from their direct business-process application, biometrics can also help to estimate people's life expectancy and consequently a number of life insurance companies are now using face recognition as part of their application procedure. US Artificial Intelligence specialist Lapetus Solutions offers a variety of facial analysis solutions that are proving especially useful for companies whose business depends on predicting future events, especially life expectancy – including, in addition to life insurance, financial planning, healthcare services and pension funds.

"The industry will be forced to expand how they utilize technology to engage the consumer and lower their overall costs. Biometrics will most likely play a significant role as well as other forms of technology." - Janet Anderson

Read the full article here.

Posted on 28 JUL 2018 by AL.COM

A 150-year old human? Alabama scientist bets $1 billion on it

It's a $1 billion bet they call "The Great Longevity Wager," and an Alabama scientist is sure he'll win. Or his descendants will, because Dr. Steven Austad doesn't really expect to collect in 2150.

Austad, chairman of the biology department at the University of Alabama in Birmingham, is betting that the first person to reach 150 is alive today. If he proves right, his heirs will collect the earnings of an investment account set up with a $150 wager in 2000.

"It's not going to happen, as much as Steve wants to be optimistic," Dr. Jay Olshansky of the University of Illinois at Chicago said this week.

Olshansky, a professor of public health, is the other bettor. And while he shares Austad's belief that lifespans will keep growing because of advances in aging science, he's confident, "It can't produce a 150-year old person."

The bet has gotten a lot of publicity, and that's great with the two scientists and friends. "We've had a good time with it," Olshansky said this week, "and it's actually very instructive to communicating some of these concepts of aging and longevity."

Read the full article here.

Posted on 13 JUL 2018 by CHICACGOTRIBUNE.COM

A 150-year-old human? Neither side is folding in The Great Longevity Wager


It’s possible that someone reading this column now, on the second weekend of July 2018, will be alive to see the resolution of a $1 billion bet between Jay Olshansky, a University of Illinois at Chicago professor of public health, and Steven Austad, chairman of biology at the University of Alabama at Birmingham.

Eighteen years ago, the two friends began their discussion on an issue that long has intrigued scientists and laymen alike: What is the limit of the human life span? Given that advances in medicine and nutrition dramatically lengthened average life expectancy over the 20th century, where is the ultimate horizon? Will the longevity record — now held by Jeanne Calment of France, who was 122 years old when she died in 1997 — keep getting broken?

Austad, whose research focuses on aging, had made a bold prediction at an academic conference: In the year 2150, he said, there will be a 150-year-old human being.

Olshansky, also an expert on aging, wasn’t having it.

They decided to make it interesting. They each put $150 into an investment fund, and signed a contract specifying that the heirs of the winner will cash it out in 2150.

Read the full article here.

Posted on 09 JUL 2018 by AARP.ORG

The Longevity Economy

Generating economic growth and new opportunities for business


A powerful new force is changing the face of America, composed of 106 million people responsible for at least $7.1 trillion in annual economic activity—a figure that is expected to reach well over $13.5 trillion in real terms by 2032.1 This is the Longevity Economy, representing the sum of all economic activity serving the needs of Americans over 50 and including both the products and services they purchase directly and the further economic activity this spending generates. This population of older workers and retirees represents both a transformative force by itself, expected to account for more than half of US GDP by 2032 (see box on page 5), and a net national asset—a fast-growing contingent of active, productive people who are working longer and taking the American economy in new directions.

Along the way, the Longevity Economy is upending conventional wisdom about how aging affects the overall US economy, and the country. Rather than lengthening extreme old age, the 30 years added to lifespans in the 20th century have resulted in a longer middle age—extending the period when workers are at their most productive and creative, and representing a major, often untapped resource.

Read the full PDF here.

Posted on 09 JUL 2018 by STRIANEWS.COM

The Investor View on the $7 Trillion Longevity Economy


A $7.6 trillion market opportunity is a call to jump in with disruptive ideas and place a bet on the most promising innovative solutions. Stria spoke to investors and entrepreneurs for perspective and advice on longevity economy business opportunities. We also developed a Resource Map: Business Innovation in the Longevity Market to provide a snapshot of the funding and support ecosystem for the people and businesses who are seeking to meet the demands of an aging society.

Two years ago AARP and Oxford Economics published The Longevity Economy report showcasing how longer lifespans and prolonged employment are driving dollars into a new age of shifting spending patterns. While investment in longevity market startups has been slower than expected, Scott Smith, founder and CEO of San Francisco-based investment bank, Viant Capital, told Bay Area News, “The VC community has finally woken up to the fact that, next to millennials, this is the largest market in the world and it’s grossly underserved.”

Read the full article here.

Posted on 19 JUN 2018 by SMH.COM.AU

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 24 MAY 2018 by UNCW.EDU

Coastal Entrepreneur Awards Commemorate 10 Years with Special Recognitions


Over the past nine years, the Coastal Entrepreneur Awards have honored the businesses and individuals who comprise and contribute to the ever-growing entrepreneurial community in southeastern North Carolina.

On May 23, the UNCW Center for Innovation and Entrepreneurship and the Greater Wilmington Business Journal hosted an awards dinner to announce the “Top Ten for Ten" organizations among the 90 previous winners who have contributed most to the entrepreneurial progress of the Cape Fear Region.

The “Top Ten for Ten” and their categories are:

Biotechnology: Quality Chemical Laboratories

Distribution: Arc Transit

Energy: Cavanaugh and Associates

Health Care: DocsInk

Internet-Related Business: Untappd

Manufacturing: Manufacturing Methods 

Nonprofit: Kids Making It

Professional Services: n2 Publishing  

Retail and Hospitality: Bitty and Beau’s Coffee

Technology: Lapetus Solutions, Inc.


For Karl Ricanek Jr., professor of computer science at UNCW and co-founder/chief data scientist at Lapetus, the road to this award started in 2003 when he arrived at the university.

Read the full article here.

Posted on 19 MAY 2018 by BOSTONGLOBE.COM

Scientists in Mass. and beyond are working to slow the aging process


At a forum on Cape Cod earlier this month, Harvard scientist David Sinclair had the rapt attention of biotech executives and investors as he described treating 20-month-old mice with a molecule to restore their youthfulness. Before long, the geriatric rodents were outracing 2-month-old mice.

Yes, Sinclair told his audience, “We can turn an old mouse into a healthy young mouse.”

The Fountain of Rodent Youth feat, outlined in March in the scientific journal Cell, hasn’t been replicated with humans. But researchers, who have long scoffed at the anti-aging claims made by companies pitching dubious products, are warming to the idea that serious science can be deployed to increase human longevity.


Geroscience backers have called for a more holistic approach. Jay Olshansky, public health professor at the University of Illinois at Chicago, argues the extension of healthy life would create a “longevity dividend” of economic and health benefits for individuals and society.

Read the full article here.

Posted on 16 MAY 2018 by THETECHTRIBUNE.COM

5 Best Tech Startups in Wilmington


The Tech Tribune staff has compiled the very best tech startups in Wilmington, North Carolina. In doing our research, we considered several factors including but not limited to:

  1. Revenue potential
  2. Leadership team
  3. Brand/product traction
  4. Competitive landscape

Additionally, all companies must be independent (un-acquired), privately owned, at most 10 years old, and have received at least one round of funding in order to qualify.

Lapetus Solutions, Inc. (LSI) is a science and technology growth company dedicated to creating products and services that will revolutionize the prediction of life events. By combining biodemography, dynamic questioning, and facial analytics, while harnessing the power of cloud computing, our scientific approach delivers faster, more accurate results in real time.

The LSI scientific team is composed of globally renowned experts in the fields of public health, aging, biodemography, facial analytics, and data science.

Read the full article here.


As We Live Longer, Can We Also Live Well?


Is it possible for us all to live longer without losing our vigor – or our minds? And could it be possible one day to slow the aging process itself?

How we answer those questions could have profound and far-reaching consequences.

Jay Olshansky, professor of public health at the University of Illinois at Chicago, is an expert on aging. One of the issues he is grappling with is the concept of aging well. He joins us in discussion.

Watch the full interview and read an edited Q&A here.

Posted on 12 MAR 2018 by CHINANEWS.COM

Lingpan instant smart customer service unveiled at PNP Global Insurance Technology Conference


China News Service, March 12th. On March 9, the Plug and Play (PNP) insurance technology team held the "2018 Insurance Technology Global Venture Company Roadshow Conference" in Beijing. As the world's largest innovation platform from Silicon Valley, PNP is well-known in the international insurance technology field and has more than 60 members of the world's top insurance companies including USAA, State Farm, Munich Reinsurance Company, and Japan Property Insurance.

This conference is also considered as the starting point for PNP Insurance Technology's formal entry into the Chinese market. The conference invited close to 10 overseas companies such as BigML, Lapetus Solutions, and Insurdata to share in depth with four Chinese smart companies such as Lingjun and instant chain. From the perspective of the most forward-looking vision, technology solutions, and landing projects, we will discuss and communicate with nearly a hundred large domestic and foreign insurance companies on the scene to discuss the urgently needed innovations in China's insurance industry.

As a domestic star startup company focused on promotion by the PNP, Lingpan has conducted practical discussions on how insurance technology can intelligently upgrade customer service.

Read the full article in Chinese here.

Posted on 26 FEB 2018 by GLOBENEWSWIRE.COM

Speakers at 8th Annual Life Settlement Institutional Investor Conference Forecast Growth in Asset Class Spurred by Technology Innovations

The life settlement industry is expected to benefit from favorable demographic trends and technology innovations that will make it easier for consumers to sell their life insurance policies, according to featured speakers today at The Life Insurance Settlement Association (LISA)’s Eighth Annual Life Settlement Institutional Investor Conference.

The event, which is the leading professional gathering of institutional investors in the life settlement asset class, was held at The Ritz-Carlton Battery Park in New York City.

“Life settlements are a core part of financial planning strategies today because they provide tremendous value for appropriate consumers,” said Colin Devine, a veteran of the life insurance industry and consultant to both the insurance and investment management sectors. “Given our demographic trends, this business is only going to get better in the years ahead.”

In his opening keynote address, Devine observed that medical costs are a leading cause of personal bankruptcies, forcing seniors to evaluate all possible assets that may provide them with liquidity to deal with rising health care bills. “Life settlements are a very legitimate way to provide value to consumers who are struggling with older age health care costs,” said Devine.

Devine also set the stage for additional discussion throughout the day regarding significant technological innovations underway in the industry that have the potential to fundamentally change the way life settlement transactions are consummated. He pointed out that “InsurTech” is both a disruptor and an enabler in the life settlement space because it allows underwriters to arrive at a decision on the value of a policy much faster, so consumers who wish to sell their life insurance policy may soon be able to do so in a matter of weeks, not months.

This topic was further explored by S. Jay Olshansky, Ph.D., professor in the School of Public Health at the University of Illinois at Chicago, and chief scientist at Lapetus Solutions. Dr. Olshansky addressed some of the most recent innovations in predictive algorithms for estimating life expectancy and the quest for improved underwriting throughout the industry.

“The life settlement process simply takes too much time, primarily because of a very slow underwriting process historically used in the industry,” said Dr. Olshansky. “The good news is that the future of underwriting is here, or at least is very close. We’re now able to use wearable sensors to monitor vital statistics, access blood information without a needle and blood draw, evaluate bio markers and even do automated assessments of an individual’s profile photograph — these innovations allow us to obtain a much faster life expectancy and therefore a more efficient and more accurate baseline for underwriting.”

Read the full article here.


LGA launches ‘fun and simple’ SelfieQuote tool


We’re living in the selfie generation. Whether we’re posting a sun-kissed snap from our latest vacation on Facebook or trawling through the Kardashian sisters’ incessant Instagram feeds – we just love selfies.

Tech wizards worldwide have taken note of this trend. The latest Apple phone, the iPhoneX, uses facial recognition technology (aka, a selfie) in its unlocking system, and the tech has also been integrated into some of the latest smart home gadgets.

So how about using selfies in the insurance industry?

Consumer demand for self-service capabilities is no longer a futuristic concept. Insureds want to be in control of their time and money, and the insurance industry needs to level with them. In response to demands for self-service, Legal & General America (LGA) recently launched SelfieQuote in partnership with Lapetus Solutions, Inc., a creator of facial analytics technology.

Read the full article here.

Posted on 22 JAN 2018 by DIG-IN.COM

Legal & General plans big push for biometric quoting tool


Life insurer Legal & General America is hoping to close a life-insurance protection gap among younger consumers through increased focus on its quoting tool.

Legal & General (LGA) hopes that prospects will use the biometrics tool and find that purchasing life insurance is not as expensive as they might think. According to LIMRA research cited by EVP of business strategy and innovation, Jim Galli, consumers believe life insurance costs three-to-four times more than its actual price.

“Our normal distribution through agents brings us customers aged between 45 to 47 years old. It’s been that way for a long time,” said Galli. “This tool is engaging people in their mid- to late 30s.” launched last summer in a partnership with insurtech Lapetus. The online platform enables prospective insurance customers to snap selfies and receive instant quotes based on facial analytics data provided by Lapetus. The startup’s software, Chronos, uses machine learning algorithms to extract human faces from images in order to estimate age, gender and body mass index (BMI) for underwriting purposes.

Read the full article here.

Posted on 18 JAN 2018 by SMERCONISH.COM

Jay Olshansky's interview with Michael Smerconish

Listen to Jay's recent interview with Michael Smerconish, where they discuss aging and President Trump's medical exam results.

Posted on 18 JAN 2018 by WSJ.COM

What Is Your Perfect Age? Readers Weigh In

Is there such a thing as a “perfect age”?

Over the weekend, we published a story by Clare Ansberry, our Turning Points columnist, that delves into ongoing research that seeks to determine when we feel our best and why. Researchers like Dr. Jay Olshansky, a professor in the School of Public Health at University of Illinois at Chicago, are looking into the mysteries of longevity by measuring worry and stress levels at different times in life and peak years for having fun.

We asked readers to share their own opinions on this question. Many took the opportunity to reflect on their own life experiences and what an ideal age might be for them—such as when they felt the most fulfilled personally or professionally, or when their physical state allowed them to do the things they love the most. Below is a selection of responses sent to us via email or left as comments on our website. They have been edited lightly for clarity and style.

‘We do not need to limit our fantasies’
The perfect age is a number that depends on what quality body we have. Some 70-year-olds can run marathons 30-year-olds have no chance of finishing. If that 70-year-old’s only dream is to run, then any age may be good for her. But if she wants to be a doctor or be able to take a lot of classes, she may envy the 30-year-olds or 20-year-olds whose minds can process information more quickly. When talking about these things we need to let the general public know that we do not need to limit our fantasies to an earlier stage in our life. Many scientists, like Aubrey de Grey, Craig Venter, and those at the Buck Institute, are working so that we can be as lucky as that marathon-running 70-year-old. That is, have a body that maintains performance (and, yes, appearance) regardless of how many times we have circled the sun. —Herman Autore

Read the full article here.

Posted on 13 JAN 2018 by WSJ.COM

What Is the Perfect Age?

Researchers are studying when we feel our best and why—giving new relevance to the question of the ideal age.

The ideal age is a question that Jay Olshansky thinks about often. Dr. Olshansky, an epidemiologist, is researching ways to slow down the process of aging, by studying things like the genetics of long-lived individuals.

“If you had a pill that could stop biological aging in its tracks, when would you take it?” asks Dr. Olshansky, a professor at UIC School of Public Health in Chicago.

He asks his university students this question. Many think 30 is old, so they would take the pill in their 20s. He asked his father, then 95 years old. His father said 50 was the best year because the kids were grown and he was in good health. Dr. Olshanky, 63, says life is good for him now, but if he had to pick a perfect year, it would probably be 50, too, because that was before he started having little aches and pains.

Researchers like Dr. Olshansky are trying to understand the mysteries of longevity and at what ages we feel our best and why. They measure worry and stress levels at different times in our life and peak years for having fun, the hope being that if people reach satisfaction with life at a certain age, they might have advice for the rest of us. Such exploration in the world of science and health is putting a more concrete focus on the seemingly inscrutable question of the perfect age.

Some of their findings might surprise us. Many people in their 50s don’t want to be 30. Seventy-year-olds are among the most satisfied, perhaps because they are also among the group seen as “time affluent.” Less surprising is that no one, regardless of age, wants to look or feel old, which is why anti-aging creams that promise to remove wrinkles and eye bags sell so well.

But is there an age that is better than all the rest?

Read the full article here.

Posted on 08 JAN 2018 by INSNERDS.COM

Profiles in Risk - E54: The "Selfie" as a Life Expectancy & Health Tool, With Janet Anderson of Lapetus Solutions


At any insurance conference Janet Anderson attends, she is often the most popular person in the room. Everyone wants to take a selfie on her phone and see what the technology that Lapetus Solutions is predicting for them. In this episode of Profiles in Risk, Janet and I discuss this image analysis technology, application to industry and her career in insurance.

Listen to the full podcast here.

Posted on 10 Nov 2017 by FINANCIALSTANDARD.COM

AMP introduces facial recognition for mobile clients


Facial recognition identification enhances the experience of using the Bett3r and My AMP apps, according to AMP's director of digital and design, Michael Weeding.

The use of facial analytics and recognition technology looks set to become more widespread in financial services if developments in the US life insurance market are anything to go by.

A North Carolina technology firm, Lapetus Life Event Solutions, recently developed CHRONOS, an end-to-end underwriting platform that predicts a person's life expectancy by scanning hundreds of points on their face to extract information.

Already being trialed by a select number of international life insurers, the CHRONOS technology is of interest to Australian life companies as it plays into a space that they are exploring.

"It's effectively predictive underwriting through data analytics, which we've been looking at for a little while now. The work that we've done so far does demonstrate that it is extremely accurate," MLC Life head of underwriting Simon Dent said.

Read the full article here.

Posted on 25 Sep 2017 by INSURANCEUP.IT

Preventative insurance, there's a startup that analyzes the risks for life insurance policies


Lapetus Solutions, an American company, has developed a facial analysis software using selfies to analyze body mass index, gender, and even physiological age of a person. Thanks to Big Data and Machine Learning, it makes pretty useful predictive analyzes for insurance companies.

Lapetus Solutions is a company that gathers the expertise of doctors, aging, biostatistics, facial analysis experts, data scientists, computer engineers, artificial intelligence experts.

The goal is to develop products for the so-called "life event market", namely all those markets which can benefit from predictive analysis.

The insurance industry is certainly one of these: big data technology, artificial intelligence, analytics, can grant to switch from a reimbursing insurance to a protecting one. By combining technology with the great advances made by medical sciences as well, the leap towards new insurance models, towards "preventive insurer" can be amazing.

Chronos is the proof. The technology developed by Lapetus Solutions, conceived for the insurance industry, in particular to support life insurance branch, gives the possibility of being more accurate, quick and prognostic by simply analyzing a face picture. Chronos reduces to a handful of minutes, a process that usually takes weeks to be performed.

Read the full article here.

Posted on 22 Sep 2017 by DOCK9.COM

Rating Insurance Risk from a Selfie

We've written previously about the benefits to insurers of leveraging data automation, AI and machine-learning to reduce the number of questions insurers ask of customers and improve underwriting accuracy.

A great new example of this is Quilt - a US-based life insurance company - who are now giving their customers the option to take a 'selfie' on their mobile as part of the online quotation process. This is analysed in seconds and used to assess the insurance premium.

The main deciding factors for deciding the cost of your life insurance are gender, age and BMI. Quilt are utilising the Chronos API from Lapetus Solutions which combines facial analytics, biodemographic information and dynamic questioning, to return a risk score that is used by Quilt to calculate the premium.

Read the full article here.

Posted on 15 Sep 2017 by HUFFINGTONPOST.COM

InsurTech for Life Insurance: Selfie Quote


In conversation with Blair Baldwin, Co-Founder /CEO, Quilt: Quilt offers a selfie quote:

What is a “selfie quote”?

Blair Baldwin: When we started Quilt, we did a lot of market research into where the coverage gaps are for young people. We didn’t expect most millennials to have life insurance obviously, but we were really shocked at how few were covered among those who really need insurance, like parents, homeowners, and people with cosigners for their student loans. So it’s pretty obvious that traditional insurance companies haven’t done a great job of reaching young people.

We also found that millennials vastly overestimate how much a term policy costs. The average guess in our survey was $107 a month, which is several times more expensive than what most will actually pay in that age bracket.

The selfie quote is a great opportunity to engage a younger audience, but more importantly, to show people how affordable life insurance can be. Our mission as a company is to make insurance radically simple and approachable, and it doesn’t get much simpler than this.

Q: How does the ‘selfie quote’ work?

BB: A lot of factors go into a life insurance quote, but it turns out three things are enough to get a very good estimate - age, gender, and body mass index, or BMI. It just so happens that those are three things show in a person’s face, so a photo is all it takes. Just snap a pic with your phone and the computers handle the rest. The actual facial analytics is powered by a company called Lapetus Solutions. Their tech goes to work analyzing the picture, and the results are plugged into our model to generate a quote, all within a couple seconds.

Read the full article here.

Posted on 05 Sep 2017 by INSNERDS.COM

Profiles In Risk – Episode 29: The People of Plug and Play


I was very fortunate to be able to spend a few days at Plug and Play in Silicon Valley. My company was part of the lucky cohort that was invited to pitch. Here is a description of Plug and Play:

Plug and Play is a global innovation platform. We connect startups to corporations, and invest in over 100 companies every year.

We have 22 locations across the world with success stories that include PayPal, Dropbox, SoundHound, and Lending Club.

The insurance silo is one of the largest and fastest growing in the Plug and Play ecosystem. I was so impressed with what these special startups are doing in the insurance sphere that I decided to pull out my phone and speak to a few of them.

In this episode of Profiles in Risk you will meet:

Janet Anderson – Janet is the CMO of Lapetus Solutions, a company whose motive is the prediction of life events. I was able to get an estimate that my life expectancy could be into the eighties, which was encouraging since I predicted I wouldn’t last past my fifties.

Read the full article and listen the podcast here.

Posted on 18 Aug 2017 by NIKKEI

U.S. insurance companies using AI client interfaces to make quotes and payment convenient


“I just had to answer some easy questions on my smartphone and I’d signed up for insurance in less than 5 minutes. It was easy.” A New Yorker in his 30s, inspired to sign up for property insurance by his recent purchase of a high-end bicycle, described his experience with insurance startup Lemonade.

The New York-based startup, founded in 2015, uses an AI for its customer interface. Everything from the sign up process to paying out claims is done through a smartphone app.

Although the United States insurance industry, like Japan’s, has seen a decline in its customer base that’s particularly pronounced among young people, more than 80% of Lemonade’s clients are 44 or younger. The absence of sales pressure and in-person meetings has been well-received. The company has expansion plans beyond its current footprint in four U.S. states.

The U.S. is seeing an increase in “insurtech” (a neologism made by combining “insurance” and “technology”) businesses, which follow in the technology-embracing footsteps of the lending and financial payment industries.

The selling point is using AI and big data to speed up the insurance quote and claims payment processes. Insurance products that keep both the sign-up process and the costs to a minimum are gaining attention, particularly from young people.

One firm after another is opening with the goal of advancing technological innovation in existing insurance companies. “A look at your face is enough to know how long you’ll live.” That sounds like face- reading fortunetelling, but is in reality a technology developed by Lapetus. Using a single picture of a face, it claims to be able to estimate sex, age, BMI, and life expectancy. It works by using machine learning-trained computer to analyze 100 different facial markers from the image.

An insurance company in the United States has begun using Lapetus’s facial photograph analysis technology to produce rough estimates of life insurance premium payments. The technology can be used to analyze whether the health history and other data supplied by potential customers is accurate.

The company’s founder Karl Ricanek emphasizes that his company’s technology holds costs and premiums down, allowing more people to sign up for insurance.

Galaxy AI, which was founded in 2015, fixed its sights on the cumbersome auto insurance claim reimbursement process. Send a picture of the accident via an app, and it returns a payment estimate in only a few minutes. Claim approvals which used to take nearly a month could be completed in days.

Galaxy AI cofounder Jasjit Maggu says many insurance companies became interested after just seeing the prototype. The company is in discussions to implement its technology with insurance companies in several Asian countries, including in Japan.

Large insurance companies are also focusing on incorporating the latest technology. Cigna, one of the five largest health insurance firms in the United States, is making efforts to improve its AI-powered services. In January of this year it teamed up with medical start-up Prognos, which aims to create a disease-prevention service using an AI it developed to make early diagnoses and help with health maintenance.

These collaborations, established by companies teaming up with startups to create new services, are reminiscent of how the banking industry has worked with firms that have experience with the blockchain technology and digital currencies. Throughout the world, the ongoing integration of IT into every kind of finance-related field continues.

This is a translation of an original article published on August 18, 2017 on the morning edition of The Nikkei

Read the original article (in Japanese) here.

Posted on 14 Aug 2017 by PYMNTS

The Magic Of Selfies In Life Insurance

“People think the process is too onerous and the product is too expensive.”

That, Legal & General Insurance EVP James Galli told Karen Webster in this week’s TopicTBD discussion, is the perception of getting a life insurance policy. It’s a fact that Legal & General America (LGA) knows for sure — it’s part of the 180-year-old worldwide Legal & General Group that has been in the business of providing life insurance for American families for the last six-and-a-half decades.

The major impediment, Galli noted, isn’t that life insurance isn‘t something that consumers want — they do, particularly as they enter their 30s, settle down and begin forming families.  But, “when we think about what is on people’s minds and what holds people back, it’s that they don’t know how much coverage they need, or what coverage they need, or how much it will cost. So they conclude that it costs too much and must be a very difficult process.”

On costs, he notes, the consumers are often wrong — and on average are assuming term life insurance costs 200 to 300 times more than it actually does. On process, though, LGA thought that there was room for innovation.

“We are part of a very innovative firm that is really striving to create new, different and engaging ways to bring customers in and keep them with us around the world.  In the U.S., we were looking at some of the things that were happening in the property and casualty insurance arena and observed that life insurance was a little bit behind. We felt we could do something about that,” Galli said.

And what they could do about that, Galli told Webster, was work in partnership with Lapetus Solutions and leverage Lapetus’ facial analytics technology to create a better process for starting a conversation about life insurance with consumers:

The selfie.

Read the full article here.

Posted on 13 Aug 2017 by HOW ON EARTH RADIO

Mortality Trends in America / Life Expectancy in America

This week on How on Earth we look at the scientific research into the lifespans of Americans.

Mortality trends in America (start time 4:05): We speak with Andrea Tilstra, who co-authored a recent paper on mortality trends in America. Tilstra is a co-author of a recent study published in the International Journal of Epidemiology.  Her team’s paper is titled “Explaining recent mortality trends among younger and middle-aged White Americans.”

Life expectancy in America (start time 12:40): Next, we speak with Jay Olshansky, who ten years ago first predicted the recently observed drop in life expectancy in America. Olshansky is a world renowned expert in the Science of Aging.  As for his crystal ball – well, it has little to do with magic, and more to do with his understanding about how our cells work, and how they age.  It also helps that he understands statistics.

Listen to the show here.

Posted on 9 Aug 2017 by NEWSWEEK

Here's what Donald Trump may look like after his stressful presidency

Donald Trump, the oldest president at the time of entering the Oval Office, will leave the White House undeniably having aged from when he was first sworn into office at 71 years old.

The president may move with more of a limp after walking through the stretching halls of the White House for four or eight years. The swing in his hips when playing golf at his luxury properties will likely have diminished. He may feel aches in his wrist from time to time as he signs major legislation and executive orders into law. His infamous golden locks will most likely turn at least somewhat gray, and new wrinkles will mark his eyes, lips and forehead.

Trump, who entered office reportedly weighing 236 pounds at 6-feet-3-inches, has an estimated life span of 87.7 years, according to S. Jay Olshansky, a professor at the University of Illinois at Chicago who has studied the effects of the presidency on aging. That’s nearly three years more than the average life expectancy for a 71-year-old, college-educated man currently living in the United States.

Read the full article here.


Legal & General America’s ‘selfie tech’ makes life insurance snappy

A new innovation from Legal & General America means customers will be able to simply submit a photo of themselves – otherwise known as a ‘selfie’ – to obtain a life insurance quote

Legal & General America’s provides a life insurance quote by estimating an individual’s age, gender, and body mass index (BMI) using an individual’s selfie photo.

Legal & General America is the first in the life insurance industry to roll out the selfie-quoting technology.

This groundbreaking digital experiment, now in beta phase, is made possible through a partnership with Lapetus Solutions, (LSI), the science and technology company that created the new facial analytics technology.

Utilizing their platform, Legal & General America is able to analyze a selfie to provide an indicative quote for life insurance.

Read the full article here.

Posted on 8 Aug 2017 by TECHEMERGENCE

Artificial Intelligence in Insurance – Three Trends That Matter

Change is here, more is coming. The insurance market is dominated by massive national brands and legacy product lines that haven’t substantially evolved in decades. Sound familiar?

Customer Experience & Coverage Personalization: AI Interfaces Allow Better Customer Onboarding

You can now buy insurance with a selfie. In January 2017, the life insurance startup Lapetus made headlines by offering a service for people to buy life insurance using a selfie. Since habits such as smoking cigarettes are strong predictors of lifespan, Lapetus can use facial analysis to rapidly assign risk scores without a lengthy or onerous medical examination.

Read the full article here.

Posted on 8 Aug 2017 by ASIA INSURANCE REVIEW

Adviser alert! Tech trends you need to know

As an agent or adviser, are you concerned about how the rise of technology and digitisation in life insurance will affect your role? Ms Christie Loustau, Senior Underwriting Consultant, Asia at RGA Reinsurance Company, is of the view that the future of advice will be a hybrid of both digital and human advisers. Here are some of the technology trends she identifies that may impact on life insurance.

Artificial intelligence and machine learning

A firm in the US, Lapetus Solutions, has come up with facial analytics technology that can estimate an individual’s key body data just via a selfie photo. It has already partnered with an insurer to provide life insurance quotes based on clients submitting their selfies on a website.

Read the full article here.

Posted on 1 Aug 2017 by DIGITAL INSURANCE

Biometrics on the rise as insurers look for smoother experience

Biometrics, or the measurement and analysis of unique physical or behavioral characteristics as a means of verifying personal identity, is being explored across financial services. The insurance industry is no exception, as carriers work to familiarize themselves with the latest emerging technology that encompasses everything from fingerprints to voice to facial structure.

Donald Light, director of Celent America’s P&C insurance practice, says insurers have some catching up to do compared to banking, technology, and security firms. However, he expects insurance use of biometrics “will grow probably pretty quickly over the next two to three years.” That includes use cases around cybersecurity, ease of access and customer experience.

“With this technology, members can use something they are – like their face or voice – to provide an additional layer of security to verify their identity,” said Gary McAlum, chief security officer at USAA.

Read the full article here.

Posted on 31 Jul 2017 by BUSINESS WIRE

The Power of a Selfie: Legal & General America Launches, An Engaging New Way to Receive a Life Insurance Quote by Simply Uploading a Selfie

Life Insurance Company Partners with Lapetus Solutions to Launch Innovative Website to Produce a Life Insurance Quote Based on a Selfie Photo. 

FREDERICK, Md.--(BUSINESS WIRE)--Legal & General America has launched an easy and engaging way to obtain a life insurance quote: simply submit a photo of yourself, otherwise known as a ‘selfie’, and let technology do the rest. provides a life insurance quote by estimating an individual’s age, gender, and body mass index (BMI) using an individual’s selfie photo. Legal & General America is the first in the life insurance industry to roll out the selfie-quoting technology. This groundbreaking digital experiment, now in beta phase, is made possible through a partnership with Lapetus Solutions, Inc (LSI), the science and technology company that created the new facial analytics technology. Utilizing their platform, Legal & General America is able to analyze a selfie to provide an indicative quote for life insurance. A customer can then provide exact answers, update the amount of desired life insurance, and receive a personalized quote based on accurate information. Customers can then apply for a term life policy online which takes just a few minutes.

Read the full article here.

Posted on 09 Jul 2017 by THE TIMES

Tech: Take a selfie — it’s a matter of life and death

Software that can read the lines on your face is set to turn the calling card of self‑obsessed Millennials into a tool for the insurance industry. 

The selfie, that most Millennial form of self-obsession, is about to grow up and get a serious job — in the life insurance industry, of all places. Last week I handed a selfie to a company that claimed it could divine my future by feeding one through an artificial intelligence-powered photo-analysis program.

I was sceptical, not least because the California sun is causing my face to prune. The program, created by an American company, Lapetus, concluded I was two months older than I was (blame the wrinkles) and gauged, accurately, that I was underweight. I cycle a lot.

Read the full article here.

Posted on 05 Jul 2017 by SAPIENS

Selfies set to revolutionize life insurance underwriting?

Many of us find looking at other people’s selfies to be annoying. One survey found that a whopping 82 percent of participants would rather see other types of photos, instead of selfies, on social media.

But there is one group of people that not only want to look at your selfies, it believes these self-generated pictures can predict longevity.

Lapetus Solutions Inc., a science and technology company based in North Carolina, has developed a life insurance product called “Chronos.” This product would enable prospective life insurance customers to upload a selfie to their insurer and then answer a few health questions. Chronos’ facial analytics technology would scan hundreds of points on the face and can then allegedly draw conclusions regarding body mass index, potential diseases, smoking habits and ultimately, life expectancy.

Read the full article here.

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.