EVENT BASED INSURANCE MADE EASY THE DIGITAL INSURER

EVENT BASED INSURANCE MADE EASY THE DIGITAL INSURER EUROPE 2017 NOMINATION ED BY 15. 05. 2017 POWER Situati. Ve Gmb. H | Lennart Wulff | Duesseldorf

80 % Say that they would buy insurance for events that are not covered within current insurance policies. 2

Numerous Events where we’ve got you covered already!! But more to come 3

OUR PRODUCT EVENT BASED INSURANCE MADE EASY CONTRACT MNGT. 4 CONFIGURATION SELECTION PAYMENT CLAIMS

USP: Explicitly tapping into four key millennial trends No. 5 1 3 On-demand Unbundled convenienc e No. 2 4 Don’t lock me into a lengthy contract. People / agent optional

OUR SETUP DIGITAL INSURANCE INTERMEDIARY Product Development Product Selection 6 Fullfilment Processes Sales Payment Distribution Tech Documentation Marketing Processes Claims Settlement

HOW IT ALL CONNECTS MOBILE 24 / 7 Customer uses mobile device / Digital end-to-end service allows self- wearable / Io. T for engagement service anytime, anywhere PERSON / AGENT EVENT TRIGGER Trust connection, facilitator of Products align to specific target new product initiatives, gains group demands, e. g. festivals, more touchpoints and insights sports events, that are out of via behavioral data scope of the routine risk scenario PARTNERING X-industry Partners with massive Content appears on news feed / customer engagement want new display ONLY where it specifically content / offerings from insurers 7 GEOFILTER makes sense

LESSONS LEARNED No. 1 Complement existing Products! Don’t burden existing legacy systems!No. 8 3 2 Focus & Deep Dive on Customer Journey!

VALUE CHAIN DIGITAL END-TO-END AT LOW COST Risk Transfer Customer - Problem - Solution - - Event based product provision Self-service product selection Options - Event with inherent Risk - On-Demand. Decision Stress free purchase and payment - Immediate approval & processing - Digital administration Insurer Product design Digital Onboarding of products - Mapping of pricing logics - Setup / templating of documents Platform - Digital claims regulation Reporting / Analytics External Partnering 9 Digital Distribution Ongoing admin & claims settlement - Payment processing Product Definition After Sales Service

TRACTION TO DATE READY TO SCALE +25 UNIQUE PRODUCTS Strong Partners, + 100 K Customers Great Project Pipeline, ∅ 25 % Revenue per Transaction Bootstrapped • • • 10 From 24 h up to 1 year Prices from 1, 5 to 3. 000 $ 60 % customer retention rate + 15 paying white label customers CAC < 8 $ per customer CAC recovery in less than 3 months • • • + 25 insurers + 500 distribution partners + 10 top brands 5 countries abroad lined up Monthly burn rate < 10 k $ All cash into tech Let’s talk!

THANK YOU FOR YOUR ATTENTION. EVENT BASED INSURANCE MADE EASY Lennart Wulff Founder 11 +49 151 24107145 lw@situative. com Conrad Redlich CTO +49 172 9707160 cr@situative. com www. situative. com

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