Can Taking a Selfie Get You A Realistic Life Insurance Quote?

Can Taking a Selfie Get You A Realistic Life Insurance Quote?

Insurtech. It’s taking an ancient industry down some brand-new pathways and into uncharted territory.  Now a small number of life insurance companies are testing “facial analytics” and “facial recognition” aimed at estimating your life expectancy and the current state your health. Here’s the idea: A potential customer looking for life insurance coverage takes a selfie, uploads it an insurance company, and then facial analysis software compares thousands of sectors on your face to arrive at…

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Insurance Pros Are Retiring and Taking Underwriting Knowhow With Them

Insurance Pros Are Retiring and Taking Underwriting Knowhow With Them

It’s an insurance knowledge brain drain. As baby-boomer generation insurance experts retire, their insights and perspectives born of years of experience, are leaving the market with them. The insurance industry is being particularly hard hit and the drain on intellectual capacity in underwriting expertise will be ongoing and increasingly impactful with the passage of time. Losing expertise at a rapid rate The drain is well-documented, and according to the U.S. Bureau of Labor Statistics, the total…

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