InsurTech | SPIXII SLIDES

The automated insurance agent dedicated to making insurance quicker, easier and personal than ever before.

WHAT’S WRONG The digital generation doesn’t have the building “ blocks of ﬁnancial literacy that previous generations had …They are confused when it comes to accessing insurance, so some won’t bother. It’s a whole generation that is going to waste. DR PAUL REDMOND Author of the report, Will Millennials Disrupt the Insurance Industry, Insurance Times February 2016 .’’

WHAT’S WRONG confusing information process not transparent experience not engaging

MEET SPIXII SIMPLE TRANSPARENT ENGAGING SPIXII is an automated SPIXII uses plain English, SPIXII customers don’t insurance agent. It starts not complex jargon ﬁll in forms, they have a by selling insurance conversation, like using policies using a chatbot WhatsApp

BENEFITS FOR CUSTOMERS • Innovative experience when purchasing insurance • Customer journey can start on one device and end on another device removing friction when buying insurance • Contextual analytics e.g. list of common perils for selected destination of travel • Instant push-notiﬁcations e.g. ﬂag if the policy covers special sports and suggests right add-on • Available at all time 24h / 7 days for last minute purchase or claim notiﬁcation • Risk coach giving preventive tips

BENEFITS FOR INSURERS • Increases market share and size by reducing protection gap and underinsurance • Collects customer behavioural data during the whole of the insurance journey from purchase to claim notiﬁcation • Provides lifestyle data and risk scores • Increases the frequency of touch points and engages with customers • Location/activity based cross-selling and up-selling • Flexible technology e.g. avoids problem of displaying incorrectly the pre-existing medical conditions section (FCA report July 2014)

INSURANCE ACTUARIAL   DISTRIBUTION & ANALYTICS   SOFTWARE UNIQUE POSITION ARTIFICIAL   CHATBOT INTELLIGENCE

MARKET SIZE* GWP IN EUROPE* £43 Bn GWP IN UK* SOURCE: ABI 2015, ONS for demographics data. £10.8 Bn *General Insurance only. The market includes opportunities relevant for the initial target customers: travel, home, gadget and car. It takes under 3 weeks to teach to SPIXII to sell other general insurance products such as pet and health. OUR TARGET NICHE** **Estimated using insurance purchase surveys and demographics data of young professionals £130 M employed in sectors where the average salary is in the range from £25k to £35k.

PRE-LAUNCH STRATEGY • Lots of written content and infographics to be shared on Reddit, Digg, Facebook, etc • Q&A’s with insurance bloggers (or technology journalists with a big reach) • Email box at the end of every single blogpost • To get SPIXII ﬁrst, bloggers put the “I want SPIXII” badge on their blog • Founders spend one week out of every two months on a press tour • “SPIXII answers” section to answer questions about insurance (by experts pooled in our huge mentors network) • SEO - for every popular insurance query on Google, write a page and content for it, and iterated landing pages to optimise conversion • Crowdfunding campaign • Currently speaking with Samantha Jayne, actress and author of the popular Instagram @quarterlifepoetry posts, for partnering in the marketing campaign

JOURNEY 29 MAY 12 JAN 14 APR 2015 2016 2016 HackRisk week 0 week 14 year 1 after VISION, TEAM, CUSTOMER PILOTED, GROWTH “SAFER” RESEARCH, DEVELOPMENT, LAUNCHED AS WRONG INDEPENDENT PROTOTYPE, BROKER, ACCELERATOR 9 INSURERS 2-3 PRODUCTS STARTS INTERESTED, CONNECTED 50 BETA TESTERS

THE TEAM RENAUD MILLION, CEO ADVISORS AND INVESTORS • 6 years consulting insurance companies and building risk models CHRIS MCKEE, various • UK Part-qualiﬁed actuary, loves insurance C-level positions, • Engineer from French ‘Grande Ecole’, makes things simple • MSc Operational Research & Management Sciences entrepreneur, insurance veteran. ALBERTO PASQUALOTTO, CTO • 2 years building solutions for hyper frequency trading funds • Software architect, high performance computing expert Customer Insight Team • Entrepreneur, runs a sound ampliﬁcation for concerts business • Computer science degree cum laude, the “machines whisperer” ALBERTO CHIERICI, COO • 6 years experience in insurance industry and consulting • Built machine learning and still advising Hexscore, Deloitte ﬂagship InsurTech project • Part-qualiﬁed actuary and data scientist, loves playing with data • Physics degree and MSc in ﬁnancial engineering

THE ASK £500K 16% 24% SEIS and EIS 5% Marketing 56% Expanding the team Regulation Operations

spixii.ai [email protected] @spixii_bot