KARL RICANEK

Co-founder and chief data sci­en­tist, Lape­tus

Digital Insurance - - THE INNOVATORS -

Ricanek's com­pany is play­ing in the emerg­ing bio­met­rics space with its Chronos plat­form. The fa­cial an­a­lyt­ics soft­ware that uses self­ies to an­a­lyze BMI, gen­der and phys­i­o­log­i­cal age to de­ter­mine life in­sur­ance un­der­writ­ing risk, look­ing for in­tri­cate sig­nals that dove­tail with the in­for­ma­tion car­ri­ers need. Le­gal & Gen­eral Amer­ica is us­ing the tech­nol­ogy to power its SelfieQuote.com quot­ing tool, on which prospects can up­load an image of them­selves to get an ini­tial quote. It's been so sucess­ful in reach­ing a new mar­ket, LGA plans a big ex­pan­sion this year. “This tool is en­gag­ing peo­ple in their mid- to late 30s,” says LGA EVP of busi­ness strat­egy and in­no­va­tion Jim Galli.

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