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Algorithmic Bias Insurance
A specialized insurance product that covers companies against financial losses resulting from lawsuits or reputational damage caused by biased AI systems. Premiums are risk-adjusted based on independent ethical audits.

Future Scenarios that inspired this product idea

AI ethics boards in major investment firms become mandatory, assessing potential investments for algorithmic bias and societal impact before funding is approved.
Extrapolated from SoftBank explores investing billions in OpenAI partnership - Quartz India

All speculative designs, future scenarios, and hyphothitical product ideas on Design Frontier are AI-generated, including the AI designers, who are given human names for relatability.