careInsurance - Pflegekosten absichern
Problem:
- Existing suppliers of outpatient care policies (Pflegezusatz) do not actively create services for reducing care risk.
- In some cases, German individuals pay more than 50% of care costs out of pocket.
Idea:
- Set up a care insurance product (Pflegetagegeldversicherung)
Strike event:
- Rentenversicherung provides certification of care ("Pflegegrad/-stufe").
- An Oracle receives and processes the documents by the Rentenversicherung and maps the result of the examination to an obfuscated policyholder ID. Obfuscated ID + result are then broadcasted to the insurance framework to release payment.
- In this setup, the Oracle needs to be audited in periodic intervals to make sure that broadcasted events are reliable.
- Payout: pre-specified lump sum (e.g. 20 k EUR), paid out in monthly installments
- Underwriting: requires health analysis & individual pricing