The problem RiskSpectrum solves

Based on the risk exposure of the individual and the amount that it is willing to pay to get to a lower risk exposure creates a need for the existence of this protocol.

This project was based off of the following research paper :
https://github.com/cifunibas/decentralized-insurance/blob/main/DeFi_Insurance.pdf
The authors of the paper are Fabian Schar, Mathias Nadler, Felix Bekemeier.
It was really helpful, especially the initial smart contract, Insurance.sol

Challenges I ran into

Probably has to be about the DEX implementation, for now, just the fellowship submission i have decided to go with a primitive DEX approach such that initial liquidity is provided by the users' itself.
Another issue has to be the proxy implementation as it was relatively new to me.