Decentralized Insurance & Parametric Risk Pools

[GENERAL] Name and surname of main applicant

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

We will research, create and design 3 parametric risk transfer proofs.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

no

[GENERAL] Will your project’s output/s be fully open source?

[GENERAL] Please provide here more information on the open source status of your project outputs

All of the notes and the models will be provided in our GitHub

[SOLUTION] Please describe your proposed solution

Design 3 out of 5 possible risk products.

We would like to design one model that uses on-chain data. One model that uses off-chain data, a model around discord and Community built security apps.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

This proposal will create the foundational research to move onto an MVP to create risk pools and provide sense of security for users of Cardano

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

With over 18 years in the insurance industry and 8 years researching and studying risk and crypto, we are confident that we can successfully deliver these prototypes.

Having created several risk products in the past, it is well within our capability to design something for Cardano

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Identify 3 Products and generate all the parameters required to begin the design

Accomplishment

Details of the three products will delivered along with the paramtters

We will design the 3 models and implement on testnet

Accomplishment

Videos will be provided of demos

Close out Report

Accomplishment

We will provide and detailed summary of the emperiences and the results

[RESOURCES] Who is in the project team and what are their roles?

Quasar

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

14,000 Ada per Risk Product

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

This is a low investment of funds with a high potential for impact and value generation by improving users peace of mind and participation in Cardano DeFi.