Insurers currently pull motor vehicle records, prescription drug histories, and reports from insurance databases to help determine what constitutes acceptable risk when writing a policy. In the future, they could do away with all of this, or supplement it, with a selfie. Karl Ricanek Jr., co-founder and chief data scientist at Lapetus Solutions Inc., is looking for partners in the insurance industry to test a product, Chronos, that would allow customers to buy life insurance online in as little as 10 minutes — and without a medical exam. “Your face is something you wear all your life, and it tells a very unique…
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