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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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Digital Identity Insurance

Product Name: Digital Identity Insurance or Digital Life Defender
Populations that product/service would protect: This insurance is available to everyone but is most valuable to the broad spectrum of society most impacted by identity theft, hacking exploits, and unemployment fraud scams. Resolving any of these is a confusing and time-consuming process, where lower income populations lack a clear path for remediation and... more »

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BUSINESS ADAPTATION INSURANCE

Business Adaptation Insurance

Mainly small businesses, or those owned by vulnerable populations such as minorities.

The idea is to help vulnerable businesses to keep up with the demands of our ever-evolving human society, in particular in terms of norms and regulations, because adapting to the latter can be very costly. For instance, arranging a store for people with disabilities is becoming mandatory in an increasing... more »

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Arisan Insurance

1. Product Name: Arisan Insurance

2. Populations it would protect: Low income Indonesian farming communities

3. Impacts this product / service will protect against: Helps to protect communities from financial distress resulting from low crop yields due to climate change and/or natural disasters.

4. Trigger event that would result in a claim: Natural disaster (volcanic ash, flooding, etc.) and significant deviations... more »

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Competititive Exam Coaching Insurance

1. Product Name:- Competitive Exam Coaching Insurance

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

An insurance coverage for students or people appearing for various competitive exams that serves as entry to colleges, universities and job opportunities. For exams like IIT JEE which is an entrance examination for getting admission to top engineering colleges in... more »

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Skillsure Insurance

1. Product Name:- Skillsure Insurance
2. Populations that product/service would protect. If not obvious explain population vulnerabilities.

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

An insurance coverage for various skilled jobs that can be insured based on the main tool used by the craftsman or the individual. For example:- For a tailor its their sewing machine,... more »

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Community-based health urgency fund

Community-based health insurance programs for low-income groups in rural Africa have had some but limited success (source: https://www.who.int/news-room/fact-sheets/detail/community-based-health-insurance-2020). The most troubling aspect is exclusion of the community's poorest. Design features recommended by the WHO which "...can be considered critical for a move away from small CBHI schemes towards a national health... more »

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Produce insurance: FARMERS

Product Name: Produce insurance for Farmers

Populations it would protect: Farmers who grow food, culture fisheries etc

Impacts this product / service will protect against: Protect farmers from debt that follows after destruction of produce due to natural calamity or unpredicted/ uncertain environmental causes like heavy rains, locust swarm infestation etc.

Trigger event that would result in a claim: When the farmer... more »

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Health insurance

I am a dentist servicing the lower income group who often dont have money for treatment. I offer them discounts and land up extracting teeth when they could have been saved if they have the funds. This upsets me a lot. I would create a fund where they could put aside a small amount monthly to cover these costs.

I would then be willing to match their savings and offer discounts or cheaper treatments for them. If they... more »

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Emergency Childcare Insurance

1.Emergency Childcare Insurance
2. According to a recent US census there were about 15.76 million children living with a single mother in the United States, and about 3.23 million children living with a single father. Many of these single parents are dependent on childcare outside the home. When childcare becomes unexpectedly unavailable it can be detrimental to a parents ability to work. Not only does this effect single... more »

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Large Home appliance repair insurance

1. Large Home Appliance Repair Insurance
2. First time & low income home owners
3. This would help first time & low income home owners be prepared for the eventual and often expensive breakdown of appliances such as heating, refrigerators, ovens etc. all essential to a families well being.
4. The breakdown of an expensive appliance in the home of an owner who was not prepared with funds to replace the a police would trigger... more »

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Extended/ non-traditional family care insurance

1. Extended/ Non-Traditional Family Care insurance

2. Low income or financially vulnerable populations carrying the the main caregiver responsibilities for extended family such as grandparents/ aunts/ uncles who are not covered under traditional FMLA.

3. Will help protect individuals from debt/ job loss due to unexpected illness or injury of an exalted Ed family member not covered by traditional FMLA.

4. An Aunt, Uncle... more »

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Transportation disruption insurance

1. Transportation Disruption Insurance
2. This Insurance would help protect financially vulnerable hourly workers and the business that depend on them.
3.
This insurance would prevent
A. Hourly workers from: losing wages and potentially losing employment due to unforeseen disruptions in their transportation to work. It Would also insist in managing short and long-term solutions to the disruptions.
B. Save Business: Money... more »

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Workers' Disability Insurance

Product Name: Workers' Disability Insurance

Populations it would protect: blue collar workers with short-term contract jobs that bear a high risk of injury that would render them inable to pursue their employment

Impacts this product / service will protect against: protect workers that get injured during their job from losing employment and eventually their home and possessions

Trigger event that would result in a... more »

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Uncovered medical expense avoidance insurance

1. Unexpected/ uncovered medical emergency debt avoidance insurance

2.This service/ insurance would help those who are un or underinsured. It would also help hospitals who lose money from unpaid medical debt.

3. This service would first educate people on the potential ramifications of not having insurance, help them find insurance that meets their needs and budget and includes a service that helps them navigate the... more »

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