This is a really interesting article in the British publication, Mail Online, about the health benefits of cancer.
According to the article, "licorice could offer valuable protection against sunburn and skin cancer." Skin cancer is the most common cancer among 15- to 34-year-olds, according to the article, but it's not clear whether those are just British teens and young adults they're talking about. Judging by our sun-worshipping culture here in the States, I suspect not.
"According to the National Cancer Institute in the US, when applied to the skin, liquorice extract helps combat UV damage and can reduce sunburn by acting as a powerful anti-inflammatory." In addition, the article talks about the possible extraction of whatever the active ingredient is in licorice in order to form preventative skin creams.