33 IT security worries insurers the most about working with InsurTechs What worries insurers about working with InsurTechs? 60% 50% 53% 40% 44% 44% 42% 30% 36% 30% 20% 25% 18% 10% 0% 3% IT security Differences in Regulatory Differences in IT compatibility Differences in Differences in Required financial Other business models uncertainty management & knowledge / skills operational investments culture processes Source: PwC, Insurance’s new normal Driving innovation with InsurTech, (2017)

PwC & Startupbootcamp InsurTech: READY FOR TAKE OFF - Page 33 PwC & Startupbootcamp InsurTech: READY FOR TAKE OFF Page 32 Page 34