We've developed some proprietary risk assessment software that takes a variety of risk factors like age, gender, zip code, employment status, # of arrests, etc. and calculates the likelihood of an applicant returning to prison. Based on that, we determine premium amounts, down payment, or whether or not we can write a policy for them at all.

The CA Dept. of Corrections has a similar system called the CA Static Risk Assessment (CSRA) which they use to determine housing for inmates and eligibility for early release. Our algorithm uses far more variables than theirs to determine insurability.

>>>Were you able to find insurers willing to back this business model?<<< Our underwriter backed out at the last minute before launch several weeks ago. We're scrambling to replace them as of this writing. Surprisingly we've gotten interest from a number of different insurance companies to offer this.