Press Center

We love sharing our vision for the future of life event prediction with journalists from all over the globe.

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2019-2017 Press Releases

Here you can view or download our recent Press Releases.

Released on 15 March 2019

Lapetus Solutions receives approval from the state of Florida as a Life Expectancy provider.

Wilmington, N.C., March 15, 2019 — Lapetus Solutions Inc, (LSI), the science-based AI company developing new, faster and more innovative ways to predict life events in real time, announced today they have received approval from the state of Florida as a Life Expectancy provider, joining six others who offer life expectancy reports to the life settlement market. The certification is effective from February 20, 2019.

LSI will now be able to provide assessments of survival prospects on insured populations, regardless of their age.  Says Dr. S. Jay Olshansky, Co-founder and Chief Scientist of LSI, “What used to take 2-3 weeks can now be done in 2-3 days, including a formal medical assessment by a qualified medical doctor.”

LSI currently provides life expectancy reports to an asset manager that runs four funds. The company will increase its capacity to provide these assessments throughout the year.

Read the full Press Release here.

Released on 14 February 2019

Gen Re’s NOW App Uses Facial Analytics to Let Consumers Buy Insurance in Minutes.

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, 14 February 2019 - 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 launched.

The buying process begins by uploading a selfie from your smartphone. Powered by Lapetus Solutions’ JANUS facial analytics technology, the app then returns an estimate of the user’s age, gender and BMI in an instant. This is followed by a streamlined onboarding process, meaning a policy can be issued to applicants in minutes.

Through the app, policyholders can also manage aspects of their insurance, such as “booking” specific days they want to be covered in the case of Accidental Death insurance.

Talking about the launch of the prototype, Dr. Winfried Heinen, Chairman of the Executive Board of General Reinsurance AG said:

“Gen Re understands the power of innovation and the launch of our NOW app is testament to our commitment to bringing the best ideas in the Insurtech space to our clients in order to develop insurance solutions that meet the expectations of today’s tech-savvy and time-pressed consumers.

A key privilege of being a direct reinsurer is that we get to know our clients and their goals in great detail. Supporting the development of new products and services remains core to the Gen Re promise.”

Read the full Press Release here.

Released on 17 December 2018

Lapetus Solutions awarded $110,000 to begin operations in India.

Lapetus Solutions Inc, (LSI), the science-based AI company developing new ways to predict life events in real time, has been awarded $110,000 by the Andhra Pradesh government in their $1-million Global Startup Challenge. In all, 37 startups from 10 countries competed and the recipients were announced at the concluding session of the Vizag Fintech Festival 2018.

“We are thrilled to be part of India’s technology revolution and look forward to the incredible opportunities for growth that await us there,” said Norvell Miller, LSI’s CEO, when announcing the award. “Our new office in Vizag will be up and running in early 2019,” he continued. “We appreciate the government’s confidence in the ability of our technology to make a significant impact within the country’s life insurance industry.”

Read the full Press Release here.

Released on 25 May 2018

Lapetus Solutions joins NVIDIA Inception program.

Lapetus Solutions Inc, (LSI), the AI company developing new ways to predict life events in real time, announced today that it has it has joined the NVIDIA Inception program, which is designed to nurture startups revolutionizing industries with advancements in AI and data sciences.

Read the full Press Release here.

Released on 12 July 2017

Lapetus Solutions launches new Data Collection initiative to support the global expansion of its predictive technologies.

Lapetus Solutions Inc. (LSI) has announced its new SMILe (Smoker Indication and Lifestyle estimation) initiative to increase ground truth data in the development of its sensory analytics algorithms and pave the way for their faster, easier adaptation to global markets. Currently, LSI’s technology can be used to detect the presence of harmful behavioral risk factors, including smoking and BMI, from the analysis of a simple selfie.

Read the full Press Release here.

Released on 27 April 2017

Lapetus Solutions Inc. selected to join startup incubator Plug and Play’s 2017 Insurtech Innovation Platform.

Lapetus Solutions Inc. (LSI) is pleased to announce its selection as one of 24 companies, from an initial field of over 1000, to participate in the Sunnyvale-based Plug and Play Tech Center’s 2017 Insurtech Innovation Platform. As a participant, LSI will gain exposure to leading insurance carriers, brokers and investors interested in partnering with tech startups developing products and services with industry-changing potential.

Read the full Press Release here.

Awards and Recognitions

October 2018

As finalists in the Vizag Fintech Festival, we have just been awarded $110,000 to open an office there.

Read the original article here.

June 2017

We were selected as one of Insurance Thought Leadership’s 6 Innovators to Watch.

Read the original article here.

March 2017

LSI was chosen from a field of over 1000 applicants as one of  24 startups to participate in PlugandPlay’s 2017 Insurtech Innovation Platform.

Read the Press Release here.