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

liquidity/cash crisis insurance

1. Product Name
Liquidity/Cash crisis Insurance
2. Populations that product/service would protect.
lower income group, middle income group etc. And possibly everyone, as anyone can go into a situation where he has less cash money to overcome a crisis situation.
3. Impacts that the product/service would protect against.
Protects/helps people when they are suddenly in a situation where a crisis of any kind, would require... more »

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2 votes
2 up votes
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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 vote
1 up votes
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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

Transportation insurance

1. Transportation insurance

2. Workers who are low on socioeconomic status.

3. Protect workers who's car is temporarily unavailable because of broken car

4. Trigger would be when car is not working and employee can't get to work

5. Policy would provide transportation to and from work via Uber for 1 week. Policy would also provide low interest loan to help repair the car.

6. Without transportation, no income is produced... more »

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

Medical Advocate

1. Medical Advocate

2. Senior Citizens

3. Medical diagnosis and treatment is complicated and confusing to a lot of senior citizens. And sometimes an advocate is necessary to get things done.

4. When' a senior citizen is overwhelmed or confused about medical treatments or diagnosis.

5. Policy would provide 4 hours of a social worker to help senior citizen

6. I work in the health care industry and often see seniors... more »

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1 vote
1 up votes
0 down votes

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

Job Reclassification Loss Insurance

1. Product Name: Job Reclassification Loss Insurance

2. Populations it would protect: Low-income workers whose employers convert them from employees to sub-contractors, or reclassify them from full-time to part-time or temporary worker status.

3. Impacts this product / service will protect against: When employers fire low-income workers, only to re-hire them as independent contractors or as temporary help, the employers... more »

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2 votes
2 up votes
0 down votes

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

Caregivers and caregiving support

1. Product Name: Caregiver Support Insurance

2. Populations it would protect: Family caregivers at risk of underperforming or losing their jobs due to conflict with their caregiving obligations.

3. Impacts this product / service will protect against: Protect caregivers from loss of income or loss of job due to their inability to work or to satisfy the work demands of their employers.

4. Trigger event that would result... more »

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

Public Event Cancellation Insurance for Individuals and Small Parties

1 Product Name: Public Event Cancellation Insurance for Individuals and Small Parties
2 Populations it would protect: All populations benefit, but but the lower income people are most vulnerable so this will help them the most.
3 Impacts this product / service will protect against: Help cover expenses if a public event — such as a concert, NFL game or concerts, festivals, plays and sporting events — unexpectedly needs... more »

Voting

1 vote
1 up votes
0 down votes

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

Remote Worker Disruption Insurance helps lower income groups

1 Product Name: Remote Worker Disruption Insurance
2 Populations it would protect: All remote workers, but the lower income remote works are less able to afford disruption so this will help them the most.
3 Impacts this product / service will protect against: Help cover expenses if a storm or power outage prevents the remote worker from fulfilling their employer's work requirements. If a storm hits the area, the worker... more »

Voting

1 vote
1 up votes
0 down votes

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

Peer Insurance Exchange makes insurance available to lower income groups

One way to lower insurance costs encouraging lower income population participation is creating a Peer Insurance Exchange which is a marketplace for customers to ask and receive insurance on the outcome of discrete events. Members can buy (also known as "insured") and sell (also known as "insurer") the outcome, and they can trade in real-time throughout the event, either to cut their losses or lock in profit. The exchange... more »

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

Tuition Insurance

1. Product Name (__________ Insurance)

Tuition Insurance

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

On average, just 58 percent of students who started college in the fall of 2012 had earned any degree six years later, according to the National Student Clearinghouse Research Center. Low-income, first-gen, and students at for-profit four-year schools and two-year... more »

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2 votes
2 up votes
0 down votes

$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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1 vote
1 up votes
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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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2 votes
2 up votes
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$1,000 Grand Prize: Mitigating Risks to Vulnerable Populations

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.

Voting

1 vote
1 up votes
0 down votes

$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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4 votes
4 up votes
0 down votes