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Maria Repetto

Jul 13, 2017
10:15

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Dear Saadithya, I like your proposal.

I think it´s very interesting, but expensive. In my opinion you should revise the cost of implementation, not only in differents countries but also in differents events. It seems you focus in floods, hurricanes and tsunamis . It will be very useful to include the name of the countries to developed your proposal. Remember our cities and rural areas in undedevelopment countries are more vulnerable to climate change.

Good luck,

María


Hari Krishnaa

Aug 13, 2017
04:22

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Dear Saaditya & Sarkar,

Thanks for a very Interesting Proposal. Your proposal is timely and appropriate in a context where financial strategies and technology are not adequately explored to deal with disaster losses. I see a potential winner and a game changer in your proposal. However, I wish to share following observations and comments with a view to helping sharpen your proposal:

1. In my understanding, your proposal has two strong components (i) Promoting Insurance as a strategy of disaster preparedness and (ii) Gamification to raise awareness, Identify disaster spots and find escape routes. Independently these two look strong and Interesting components. But their Interconnection in a single proposal is not presented convincingly. If Individuals and families are aware and prepare well to escape disasters, insurance companies will be happy to do business with them. Insurance companies will even be happy to Invest in such technology and gamification so that, there are fewer claims in future. Your proposal can explore this angle to strengthen the connection between these two components.    

2. Gamification part of your proposal can be further strengthened with Identification of all Important Information/strategies, for preparedness, such as, how to ensure Flood proof, Earth Quake Proof and Fire proof housing design and construction, Information on logistics for evacuation, first aid and other essentials.  

2. Preparedness part of your proposal is Primarily about Insurance. Therefore, it would be more appropriate to be more specific in your title saying Financial Preparedness to reduce post disaster losses. Further, your proposal should throw some light on the current status of Insurance for natural disaster losses. If there are not enough Insurance options in a country of your operation, the creation of this platform will not help much. 

I hope you will find these thoughts useful. I'll be happy to discuss further to help your proposal.

Wishing you all the best

Hari Krishna


Aadhithya Sujith

Aug 14, 2017
12:33

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@Maria Repetto Thanks for your feedback & support. The cost is including the multi platform app developement web portal development, dedicated hosting etc. The portal & app is packed with features and educational game development costs, so I think cost is reasonable. Once the portal is up and running we plan to get sponsorship from multiple insurance companies so in the long run the portal can deliver good results. Since it is a global platform we have kept the disaster coverage broad including even drought insurance for farmers that could be because of climate change, the challenges around the world are very broad. We will keep our focus on main challenges like flood, Tsunamis & hurricanes but the smaller one are also included since the conventional insurance doesn't take care of it and we plan to plug this void.

I will do some research on countries where this proposal will best fit and add them as well.

Thanks & regards

Aadhithya


Aadhithya Sujith

Aug 14, 2017
12:42

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@Harikrishna Nibanupudi Thanks for your feedback & support.

You have summed up the underlying basic idea of our proposal well "If Individuals and families are aware and prepare well to escape disasters, insurance companies will be happy to do business with them." Our proposal encourages the same that is to create awareness or taking preparedness steps using variety of cutting edge tools like gamification, MOOCS, simulations, Virtual reality, chatbots etc.

The above steps will convince insurance company to provide insurance at lower cost as it presents less risk to them and less chance of claims because all the rules and safety guidelines are covered.

yes gamification part has a lot of scope for information and this will be a great medium to convey this information to public keeping them engaged unlike an informational video.

Preparedness part of our proposal is not only primarily about Insurance because the knowledge about disaster preparedness can save lives & property cutting down cost burden on people and insurance companies. So we have chosen the title "Incentivized disaster preparedness & gamification", which means to provide disaster preparedness both insurance & knowledge for incentives like low cost insurance coverage. Gamification is to create awareness.

Let me try to discuss this with my team member & see if we can come up with a better title if it makes more sense.

" your proposal should throw some light on the current status of Insurance for natural disaster losses. If there are not enough Insurance options in a country of your operation, the creation of this platform will not help much. "

Yes we will try to do some research on current status of Insurance in our chosen target countries and probably add it in the proposal. the main reason some countries do not have insurance options for natural disasters is because the preparedness and safety precautions taken to minimize the risk is very less but if we can create better awareness & safety steps to combat the same then this will help bring more insurance companies to offer natural disaster coverage as well, insurance companies & people will follow a new adaptation.

Thanks & regards

Aadhithya


Mitul Sarkar

Sep 10, 2017
06:07

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@Hari Krishna , @Maria Repetto, @Aadhithyaa Sujith  
My thanks for your valuable inputs and discussion. We've made some small changes in the submission, but would have made more substantial clarifications/improvements if we could...as below.

Though I (the itinerant, traveling member of the team) had technical difficulties in trying to update/edit the proposal, below is an additional perspective that I did not get to add or explain (given the risk of inadvertently deleting or overwriting content that we had painstakingly uploaded earlier):

Many countries, states and local administrations, whether developed or underdeveloped, have significant financial risk from their exposure to acute weather events and natural disasters (e.g. Harvey, Mexico earthquake, combination events, etc). More often than not, a major disaster will overwhelm the emergency response crews and facilities at the local district level, and require "knee jerk" infusions of crews and money from the state or national authorities. However, more often than not, the local population, i.e. those whose lives and livelihoods are at the most immediate risk, is neither prepared nor insured. That is the conundrum we have sought to address through the proposal. When local people, communities, businesses have been onboarded, trained, insured (to the extent they are willing to pay, however small), they have - so to speak - "more skin in the game" and thus more motivation to equip themselves with necessary knowledge and training. They have a greater appreciation of the need to be prepared, a better understanding of what they can do (i.e. they don't feel helpless), empowerment. Through chatbots, gamification, preparedness trainings, etc we think that the local population can indeed take a greater interest in preparedness, and in insuring themselves to the extent they can afford. This... 
1. Builds up a cadre of local knowledgeable citizens and volunteers, who can make a big difference in the outcomes when disaster strikes, and thus improve the resiliency of communities in affected geographical areas.

2. As a result, governments from the local and up to the national level have to carry a lesser burden should disaster indeed strike. 

3. When individuals, communities and businesses in affected areas have been prepared in advance for disasters through our proposed platform, the financial losses from a disaster are very likely to be less (compared to a scenario where there was no advance preparation). This is great for insurance companies, as is a reason we expect to involve insurers as shareholders in our approach.

As for poor nations and communities where insurance is not all that prevalent yet, we believe that governments can benefit from our approach. And, from our own observations over the past few decades, we've seen the insurance sector spread in countries like India, Nepal, Bangladesh, etc and many others. The current system - where national governments either print more money or take on more debt to pay for the cost of disaster recovery - is untenable. Whether insurance is extended by private insurers or from state-backed insurers, our proposed platform can help communities prepare for and adapt to the truth of climate change and natural & weather disasters.

Thank you!

Mitul Sarkar


Mitul Sarkar

Sep 10, 2017
08:46

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https://www.theatlantic.com/politics/archive/2017/08/ordinary-citizens-are-first-responders/538233/

“We had almost by default defined the public as a liability. We looked at them as,  We must take care of them, because they’re victims. But in a catastrophic disaster, why are we discounting them as a resource?" 

“When you step back and look at most disasters, you talk about first responders—lights and sirens—that’s bullshit.” "The first responders are the neighbors, bystanders, the people that are willing to act.” (quoted, Craig Fugate of FEMA, USA)


Mitul Sarkar

Sep 21, 2017
01:29

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We are not insular in our thinking!

1. "DFID points out that the economic costs of disasters in developing nations are rising, and since 1980 have been equal to one-third of all official development assistance provided by richer countries to poorer ones in that period.

In rich countries, almost half of all losses are absorbed by insurance, but in poorer countries less than 5 percent are covered, with the rest borne by individuals, businesses and government, slowing growth and forcing people into poverty, the aid department says.

A number of international programmes are already trying to boost insurance coverage in poorer countries. They include African and Caribbean insurance pools offering governments protection from weather and climate disasters, and the "InsuResilience" initiative, led by G7 nations, which aims to increase the number of poor people with insurance coverage for climate-related hazards, via public and private schemes, by up to 400 million by 2020."

"Livestock insurance for drought-hit pastoralists in Kenya, and micro-insurance against typhoon damage in the Philippines, for example, have shown promising results." (source https://www.zilient.org/article/insurance-protection-against-disasters-whos-it-meant-help )

2. "... protecting the poor against natural hazards is a moral, economic, and social imperative. The poor can lose everything to disaster, and not just money. After Hurricane Mitch hit Nicaragua in 1998, for example, child malnourishment among poor households spiked by nearly 9%. And child labor jumped 5.6% as Nicaraguan families grew desperate to make ends meet, lacking any other way to cope with the losses from the hurricane." (source http://blogs.worldbank.org/voices/resilience-most-vulnerable-managing-disasters-better-protect-worlds-poorest )


Mitul Sarkar

Oct 1, 2017
08:14

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Even American homeowners have been cutting corners when it comes to flood insurance. What needs to change? https://www.usnews.com/news/business/articles/2017-09-01/ap-exclusive-fewer-americans-buy-insurance-in-coastal-areas

"Without flood insurance, storm victims would have to draw on savings or go into debt — or perhaps be forced to sell.

The number of policies in force today has fallen in 43 of the 50 states since 2012, dropping from almost 5.5 million to just under 5 million, a decrease of 10 percent, AP's analysis found. In low-lying Florida, where by far more flood insurance policies are sold than in any other state, the drop has been almost 16 percent. In only two states — Hawaii and South Carolina — are at least 50 percent of homes in flood hazard areas insured under the program.

AP's analysis also showed the percentage of homes in high-risks areas that have flood insurance is sometimes frighteningly low. In Spartz's home of Broward County, it's only 13 percent. In Houston's Harris County, it's 28 percent. In New Orleans, it's 46 percent.

Roy Wright, the director of the insurance program, which is administered by the Federal Emergency Management Agency, acknowledges that the decrease is alarming and says he hopes to double the number of policies in the near future. He also wants to persuade more communities to limit construction in high-risk flood zones. "


Hari Krishnaa

Jan 7, 2018
02:05

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I strongly support this proposal for its Innovative mix of strategy and technology.

I have just Invited my connection in the Linked in to take a look at this proposal and many such Interesting proposals in this contst-https://www.linkedin.com/feed/update/urn:li:activity:6355844583854739456

Wishing you all the best

 


Aadhithya Sujith

Jan 8, 2018
02:42

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Thanks Hari Krishnaa, I really appreciate your support.

Thanks & regards

Aadhithya


Vishnu Sharma

Jan 14, 2018
12:32

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An Interesting proposal. Sounds expensive, but one can find ways to reduce the costs. The idea must be explored to see into an action. 


Mitul Sarkar

Jan 14, 2018
01:44

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Thank you, Vishnu Sharma, for your feedback and support.

Our hope is to achieve this with efficient use of resources (and cost reductions), which will be much less than the costs of the losses that natural disasters cause. For example, in just one nation alone, the USA, 2017 natural disasters cost $300 Billion - and I cannot even put a cost to each of the human lives that were lost or scarred.

http://time.com/5093043/natural-disasters-cost-us/


S Kumar

Jan 15, 2018
12:48

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I strongly support this Herculean task which you have undertaken as a challenge to save the nations and public in general.

Good luck

 

 

 


Aadhithya Sujith

Jan 15, 2018
01:47

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Thanks S Kumar for reviewing our proposal & providing your feedback & support we greatly appreciate it. I hope that our proposal can simplify this herculean task by innovative use of resources and technology.


Anwesha Sarkar

Jan 15, 2018
01:41

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The proposal is innovative and indeed timely.

Best Wishes for its implementation, Anwesha


Mitul Sarkar

Jan 15, 2018
08:15

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Thank you, Anwesha Sarkar, for your encouragement and your faith in us.


Javed Sultan

Jan 15, 2018
10:51

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Like your proposal a lot. Wishing you guys all the best. Javed Sultan


Aadhithya Sujith

Jan 15, 2018
11:47

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Thanks Javed for your feedback & support,really appreciate it.


Mitul Sarkar

Jan 15, 2018
11:09

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Javed, thanks. We need more engineers like you!


Mitul Sarkar

Jan 16, 2018
12:53

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Our team is very grateful for all the votes, encouragement, feedback and mentions we have received in the course of this contest. May we all continue to coalesce around ideas and projects that benefit and empower people and communities, and make a brighter future for everyone! 

Dr. Mitul Sarkar
https://www.linkedin.com/in/mitulsarkar/


Hari Krishnaa

Jan 26, 2018
01:24

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Dear Aadithya and Sarkar,

Hearty Congratulations.

Best Wishes 

Hari Krishna


Mitul Sarkar

Jan 30, 2018
11:46

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Hari Krishna, Thank you very much.


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Nov 2, 2019
01:32

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03:34

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