Newbies come here with outrageous ideas thinking that they will get the support they want, nothing in OP's post mentioned how are they going to keep the user funds secure there is no contract smart involved.
Sometimes I am amazed at the sharing of ideas without matching an economic or technical scheme, even if it is simple. It is easy to think of useful things, but it is difficult to make or implement them on the ground, so sometimes ideas are not enough.
If you're going to offer Cryptocurrency insurance, and credit you need to have a license to show, who you are and what's your credibility score as a developer here if you do not have this and you can not show something, you're not going to get anything better think of something useful and will keep users fund safe.
His idea is good and it was implemented in a decentralized using miniscript, but converting ideas into projects is not easy or can be done with zero costs.