Showing 23 ideas for tag "insurance"

$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

Legal Insurance

1. Product Name: Legal Insurance

2. Populations it would protect: Individuals and businesses.

3. Impacts this product/service will protect against:

Legal insurance is an online platform that assures to connect clients to lawyers and attorneys worldwide while decreasing the costs by a monthly/ yearly subscription as it is sharing the expenses for similar and common legal and administrative cases among few clients. This... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

PAPERWORK INSURANCE

Paperwork Insurance

This type of insurance would mainly protect economically vulnerable populations, who do not always have the financial means to complete the formalities that are required of them for different administrative reasons. Such populations may include low-income families, students, occasional workers, retirees, the disabled, immigrant residents, among others.

The idea of paperwork insurance would enable... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

Incentivized Fire & safety Insurance

Product Name:- Incentivized Fire & safety Insurance

Populations that product/service would protect. If not obvious explain population vulnerabilities.

All commercial offices with people working in it. The fire safety insurance coverage will be incentivized if the building and the employees working in it follow safety procedures and take fire & safety course and earn a certification.

Impacts that the product/service... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

Birth Defect Prevention Insurance

BACKGROUND:
This "Birth Defect, Fetal Death, and Prematurity Insurance Proposal" is written in response to a hackathon sponsored by the organization "IdeaScale Crowd." The goal of this competition is to help the insurance industry come up with a new type of policy that would help a specific "vulnerable community." We imagine that a group of us (involved in public health, and knowledgeable with health insurance) would... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

Eviction Insurance

An Eviction Insurance Policy would provide attorney services to fight eviction and if that's not possible, transition assistance for those forced to unexpectedly move. This sort of unexpected move is often forced upon low income communities as part of gentrification, and can result in whole community displacement and homelessness.

This would be triggered by a request from the landlord or master tenant for the resident... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

Renter's Protector Insurance

Product Name: Renter's Protector (insurance via mobile app)
Populations it would protect: Lower income populations which are least likely to be insured and most likely to rent, also the most vulnerable to property crime, fire and other crises, such as a catastrophic hospital bills. This population is also most likely to utilize the Internet exclusively via a smartphone.
Impacts this product / service will protect against:... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

Insurance for Risks of Climate Change

Product Name: Climate Defender Policy
Populations that product/service would protect: Lower income populations are the most vulnerable to natural disasters brought on by climate change, such as hurricanes, tornados, wild fires, flooding and arctic blasts. Not only are their living and working situations most likely to be impacted by natural disasters, this population typically lacks the financial resources to quickly... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

MyInsurance

1. Product name
***My***Insurance

2. Populations that product/service would protect.
New immigrants, minority groups with low incomes etc.

3. Impacts that the product/service would protect against.
People's insurance needs are usually wider than any insurance company can cover. Even as products are developed to meet specific needs, products are usually designed to place a demography into a generic box. How about a truly... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

Homeless Church Insurance

Product Name (Church Helping Homeless Insurance)

Populations that product/service would protect. If not obvious explain population vulnerabilities.

Impacts that the product/service would protect against. Damages caused by homeless participants

Trigger event that would result in a claim. A homeless person accidentally or intentionally damages the church

Scope and nature of the insurance response (e.g. it could be a... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

My Mobile Lifeline

Product Name: My Mobile Lifeline
Populations that product/service would protect: The audience for this mobile first insurance product is everyone who has a mobile smartphone. This insurance provides financial assistance when the insured is impacted by a catastrophe such as a hurricane, wildfire, riot, terrorism, flooding, etc. Lower income populations would most likely experience the greatest impact from these events,... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

Seed Insurance

Product Name:- Seed Insurance

Populations that product/service would protect. If not obvious explain population vulnerabilities.

Farmers depending on agriculture for their livelihood.

Everyone who has a garden and cultivate plants in it.

Impacts that the product/service would protect against.

Draught

Snow, hail storms

Torrential rains

Trigger event that would result in a claim

Farmers have spend their hard earned... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

Silver Star wearable fitness policy for seniors

Product Name: Silver Star - an insurance policy for seniors centered on wearable fitness devices, such as a Fitbit or Apple Watch
Populations that product/service would protect: Senior citizens, plus other populations (such as disabled individuals) which require assisted care
Impacts that the product/service would protect against: The policy integrates health management with insurance to proactively alert both the insured... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

INDEFINITE CONFISCATION INSURANCE

Indefinite Confiscation Insurance

This type of insurance is intended for individuals who are affected by the confiscation of their belongings, namely by law enforcement authorities. Whether the individual is a suspect, or is innocently or unjustly concerned by a seizure due to an ongoing investigation involving other people that they are linked to (i.e. family, friends, colleagues, associates), they should be entitled... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

Insurance for Daily labourers

Product Name: Daily laborer Insurance

Populations it would protect: Low income workers. The population at the bottom of the income pyramid who work as daily laborers. Example: Construction workers, road makers, cleaners, etc.

Impacts this product / service will protect against: Protect the laborer population who work on daily wages. The problems faced are not limited to but are as follows:

1. Deliberate Underpay

2.... more »

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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

Covid-19 re-infection and/or covid-19 infection after completing vaccination, Insurance

1. Product Name

Covid-19 re-infection and/or covid-19 infection after completing vaccination, Insurance

 

2. Populations that product/service would protect.

-Everyone,

-especially low and medium income groups as they have to take risks of going out in the crowd for making a living.

-This is for the people who have already undergone treatment for covid-19 infection at least once

-and/or they have already undergone... more »

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