I came up with a few ideas to either create new insurance companies, or better, for existing insurance companies to sell new products. I am wondering if any of the following already exists, and if not, why not? I think data scientists (including actuaries) would be the perfect kind of professionals to assess the risks, compute the probabilities, and set up the pricing for the following products:
What do you think? If not feasible in US, could some of this work in some other countries?
cancer insurance exists. my employer offers it as one of our benefits. coverage includes reimbursement for deductibles, out-of-pocket medical costs, costs if travel is needed for treatment and (i believe) loss of income. i'm not sure who our benefit is through, but a google search returned aflac as one such insurer offering coverage.