SUMMARY DESCRIPTION

• Low cost, well designed contents insurance
• Mobile based, aimed at 20 – 29 year olds, especially renters
• Thoughtful, easy to understand policy terms, backed up by online chat and support teams

OPPORTUNITY/INVESTMENT THESIS

• Rethinking role of insurance for millennials
• Mobile based, ease of use and interactive approach
• In line with long term trend of gaining granular data on consumer needs and behaviour and simplifying product features and delivery to improve customer experience
• In line with longer term decoupling of B2C P&C insurance business system