If a picture is worth a thousand words, then what’s a selfie worth? Well, our selfies could be worth a lot more to insurance companies in the near future. According to an article from The Sydney Morning Herald, a selfie could become the new way to obtain life insurance.
In the United States, new technology in the form of artificial intelligence is being developed that could analyse a selfie in about as much time as it takes to take one. It works by scanning an applicant’s driver’s licence photo against a selfie taken by the applicant. The software can tell a lot about us – for example, our age, body mass index and even if we’re a smoker by the lines on our faces. Getting away with a low insurance premium with a few little white lies might be a thing of the past.
It’s estimated that the technology could speed up the process of buying life insurance, with no need for a medical examination. But the technology could raise quite a few ethical concerns, such as privacy. According to the article, the biggest disruption of all could be if the technology and the results were made available to individuals.
Although the technology is pretty ground-breaking at the moment, it’s still in its early stages of development. In the meantime, we can safely embrace our Snapchat filters and pout to our heart’s content.
Words by Skye Jamieson