new products and suggestions
secondly, my own idea is to sell acid burn insurance to (all female) victims in NGOs in pakistan. this can be a truly innovative product and NGOs and micro finance have huge presence in Pakistan already.
allianz should focus on peer to peer insurance model like lemonade too. its strikingly similar to takaful;
utilize IoT in wellness products and property products for preventions.
. Informal economy is many times larger than the formal economy. in developing countries Almost every local community has revolving savings called ‘committees’. Make an uber type application to bring them into one platform and provide savings, investment and insurance to it. This will increase financial inclusion, micro insurance and the dismal insurance penetration in developing countries.
Pension welfare crises is in the trillions in developed countries. Developing countries like pak has 60% young population. How to increase financial inclusion in developing countries and reduce the funding deficit in developed countries at the same time? Make a bond to connect the two demographics. Young people in developing countries save in voluntary pensions and provide the deposits; developed countries give the returns. Demographic bond is better than immigration and other ways of connecting the east with the west especially since now we are entering into anti-globalization and waves of populism. This demographic bond seems very un-conventional but then we have to realize that if Allianz ART could make a catastrophe swap using bitcions, then this too is possible.