By way of introduction, Metis was the Greek goddess of wisdom. We have named our newsletter after her to set the bar high, as we aspire to always bring you new knowledge and wisdom that will change the way you think about aging, life sciences and the prediction of life events.
LSI brings together five of the nation’s top actuaries to discuss the emerging role of science in the actuarial process
Designed to encourage more dialogue and understanding between the scientists who are reinventing the actuarial process and the leaders of the actuarial community itself, our first Titan’s Seminar was held last month in Boulder, CO. Hosted by LSI co-founders and Chief Scientists Drs. S Jay Olshansky and Karl Ricanek, Jr., it provided a unique opportunity for both open discourse and ideation about the future of insurance underwriting.
One of the is attendees was Thomas S. Terry. A fully credentialed actuary and an active leader in the actuarial profession in the US and abroad, he served as president of the American Academy of Actuaries (2014) and is currently president-elect of the International Actuarial Association. Tom kindly agreed to answer a few questions about our revolutionary new scientific approach to insurance underwriting.
What do you see are the biggest roadblocks to the industry's acceptance of technology like LSI’s?
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Lapetus Solutions wins 2016 Coastal Entrepreneur of the Year award in the Emerging Company category
LSI co-founder Dr. Karl Ricanek Jr. accepted the award on our behalf at the ceremony held on May 24th in Wilmington, NC.
Our Series B raise is underway
The future of life event prediction is here. If you’re interesting in learning more about investment opportunities with LSI, please contact our President and Chief Business Officer, Norvell Miller, at firstname.lastname@example.org
LSI PRODUCT NEWS
LSI’s proprietary technology to measure BMI revolutionizes the verification of self-reported health information
BMI (Body Mass Index) is used as a leading indicator by the insurance and medical industries as a barometer for future health problems. However, it is generally self-reported on insurance applications and medical evaluation forms, frequently resulting in the provision of inaccurate data. Current technology focused on height and weight detection uses an anthropometric approach based on facial landmarks; a small error in the location of a facial landmark will have a significant error in all calculations downstream.
Lapetus has developed a non-anthropometric approach that routinely outperforms the current technology. We have tested our solution against more than 100,000 faces and by year end, our new technology will be tested and validated with over 1 million diverse faces.
To find our more about our breakthrough BMI module and how it can help improve results for your business, please contact: email@example.com
SCIENCE AND INDUSTRY NEWS
McKinsey’s latest report on the life insurance industry confirms that better customer engagement is the way forward
The report specifically cites ‘complex, time-consuming applications and demanding underwriting processes’ as an impediment to future growth, as well as ‘low customer engagement'.
CHRONOS, our revolutionary new underwriting platform, immediately engages customers with a simple selfie, eliminates the complexity of the traditional insurance application by asking just a few questions, and takes them from prospect to policyholder in under ten minutes. It’s the future of insurance underwriting that integrates easily with existing practices and it’s available now.
Financial analysts will soon have a new tool to support customers in the face of increased DOL regulation when LSI introduces BLISS Scores
This fall, we will launch our first product for financial analysts and planners. BLISS (Better Life and Income Scoring System) is being constructed by a team of financial experts, demographers, longevity experts, educators, innovators and technologists as a quantitative way to “holistically” educate, plan, model, and track the entire economic lifespan for both individuals and their dependents. The first and only tool to consider an individual’s health as well as their wealth, BLISS scores will allow for more accurate planning that incorporates both lifespan and healthy lifespan estimates.
More information about BLISS Scores will be available soon on our website.
A new revolution in public health is about to take off in form of digital health monitoring
By keeping track of selected biomarkers of bodily functions on a daily basis (e.g., blood pressure, blood sugar, sleep patterns, physical activity, etc.), a new form of longitudinal health data is about to emerge -- revolutionizing the measurement of health; making almost entirely obsolete the collection of body fluids before routine physicals; in part, replacing national health surveys; and altering and improving the way in which life events are measured.
LSI wil be continually developing products and services that will support the emergence of this paradigm shift into the mainstream of public health consciousness.