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

Legal Representation & Support Assurance

1. Product Name: Legal Representation & Support Assurance

2. Populations it would protect: People whose low income and low net worth qualify them for representation by a public defender or a court-appointed lawyer in case of being charged with a crime. In the USA, to qualify for representation by a public defender, a person's income should be no more than 25% above the poverty line. In the USA, over 80% of people accused... more »

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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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Relocation Incentives

Those in the most vulnerable populations are those that are most susceptible to the trials of climate change: flood, fire, storms. These risks are also a debt center to insurance agencies. Partnering with cities that have excess infrastructure and the desire to spark economic growth to relocate vulnerable populations to those cities.

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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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Claim Delay Insurance

1. Claim Delay Insurance
2. Audience. Vulnerable populations that do not have resources to build back their lives or temporarily tide over a crisis while their insurance claims are under review at their insurer.
3. Impacts that the product/service would protect against. Procedural requirements in the claims review process, or delays in processing e.g. when an insurer is overwhelmed by multiple claims following a natural... more »

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Workers Compensation Claims Bridge

This submission is for a focused product that solves a specific problem faced by workers who are injured in the course of their job duties or traveling on a job.

For a more generalistic approach, I have another submission titled Claim Delay Insurance.

 

1. Product Name: Workers Compensation Claims Bridge

2. Populations it would protect: Workers and manual workers whose jobs put them at extra risk of physical injury... more »

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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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Natural Disaster Emergency Insurance

When a natural disaster occurs, whether it is wild fires, flooding, hurricanes, power outages due to freezing weather, etc., the socioeconomic groups most impacted in a devastating way are the low income, disadvantaged groups.

Product Name: Natural Disaster Emergency Insurance

Populations it would protect: Low Income, Disadvantaged groups with little to no extra savings

Impacts this product would protect against: In... more »

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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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Crypto Digi Finance Insurance

1. Product Name:- Crypto Digi Finance Insurance

2. Populations that product/service would protect. If not obvious explain population vulnerabilities.
Around 106 million people are now using cryptocurrencies around the world, Crypto.com estimated in a report. From seasoned crypto investors to no wise who are entering into this field, so in short any one who is owning a cryptocurrency.

3. Impacts that the product/service... more »

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Pollution Insurance

Product Name:- Pollution Insurance

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

People living in areas where there is risk of air pollution , where they don't have access to clean air.

People living in crowded area near industries and factories.

People living areas where there is drought, where there is water scarcity and access to clean water.

Impacts that the... more »

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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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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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Freelancer Gig Insurance

Product Name:- Freelancer Gig Insurance

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

Freelancers without permanent job that rely on freelance websites like Freelancer, Upwork, Fiverr without regular income.

Impacts that the product/service would protect against.

Lack of regular work or gigs.

Irregular income from Feelancer

Lack of skills in the market - Skill... more »

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DigiReputation Insurance

Product Name:- DigiReputation Insurance
Populations that product/service would protect. If not obvious explain population vulnerabilities.
Many people have fake news propagating about them or about their products or company which creates a lot of harm for their business and tarnish the reputation of the individuals.
Impacts that the product/service would protect against.

Protection from fake news about the insurer, his... more »

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