Thursday, May 4, 2017

Selfies could one day determine life insurance eligibility

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…

This story continues at The Next Web

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