Fintech - Presentation by Dr. Carolin Gabor, Managing Partner of FinLeap at the NOAH Conference Berlin 2017, Tempodrom on the 22nd of June 2017.

1. InsurTech 2.0
Building a truly digital insurer

2. GET YOUR TICKET TODAY!
www.noah-conference.com
6-7
Old Billingsgate, London Tempodrom, Berlin
JUN20182-3 NOV2017
SAVE THE DATE

3. Why InsurTech?
MARKET SIZE
$ 4tn
BAD UX
Only 33% of customers rate
their experience of insurance
interactions positive
Source: PWC global, Bloomberg Gradify, Statista, Capgemini World Insurance Report 2015
NON-DIGITAL
OPS
95% of the insurance
business is offline
$ 490bn
$ 262bn
$ 125bn
$ 115bn
$ 43bn
1

4. InsurTech funding grew by >10X over the last 5 years :
50% of the deals by (re-)insurers
INSURTECH INVESTMENT ACTIVITY
Source: cb insights
1.7
2.7
0.9
0.3
0.4
0.1
0
1
2
3
0
50
100
150
200
201420132012 20152011 2016
Zhong An
$0.9 bn
Zenefits
$0.5 bn
Oscar
$0.4 bn
2
# of deals
# deals by (re-)insurers
Amount of Insurtech funding ($B)

5. InsurTech 1.0 started 20 years ago –
Distribution Segment Overcrowded
Price comparison
platforms
Brokerage &
Digital distribution
Product based
innovation
▪ Community-based
▪ Situational
Enhanced value
proposition
▪ Health Insurance
▪ Digital risks
Claims
Management
2000 2015 2016 2017 - 20202014
Distribution Proposition Operations WHAT’S NEXT ?
3

6. InsurTech 1.0 started 20 years ago –
Distribution Segment Overcrowded
2000 2015 2016 2017 - 20202014
Potential
Market
saturation
Overcrowded
market
High potential segment with
low numbers of Insurtechs
Consistent Potentialand
Activity
4

7. InsurTech 1.0 started 20 years ago –
Distribution Segment Overcrowded
WHAT’S NEXT ?
Key Capabilities to build truly innovative insurance products for the digital age
5
DIGITAL
ENTREPRENEURS
STATE OF
THE ART TECH
LICENSED
CARRIER

8. InsurTech 1.0 started 20 years ago –
Distribution Segment Overcrowded
WHAT’S NEXT ?
6

9. Element: A B2B2C Tech Company providing Insurance as a Service
Brokers/
PCS
B2B2X Insurance
as a service
Modular tech &
risk lines
Full P&C License
Online-
Companies
Insurances
Insurtechs
7

10. Element enables various business models through innovative insurance
products
ONLINE COMPANIES InsurTechs
Insurance product for the sharing economy
Online booking services
IaaS for a cyber security insurance
product for SMEs
8
API API

11. Element is an integral part of the FinLeap Ecosystem
TECHNICAL & OPERATIONAL LAYER
INFRASTRUCTURE PLATFORM
CUSTOMER & PRODUCT PLATFORM
9
Stealth
Stealth
Stealth

12. Element is an integral part of the FinLeap Ecosystem
12 Fintech Ventures built 3 in stealth mode
> 400 people employed
200+ financial institutions as customers
Multiple of invested capital ~5.2x
10
Stealth
Stealth
Stealth
4 BaFin licenses granted
> €m 100 raised

13. THANK YOU.
11

14. Selected Completed NOAH Transactions
Focus on Leading European Internet companies
Covering over 400 companies across 25 online
verticals, a broad range of over 500 investors as
well as 100+ online-focused corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes
management distraction
NOAH Advisors is globally well connected
and has direct access to virtually all key
players in the industry
Knowledge of and strong relationships with
potential buyers’ key decision makers
Proactively finds and unlocks attractive
investment opportunities for leading investors
Annual NOAH Conference in its 8th year
Over 40 years of combined relevant M&A experience
Routine execution of M&A and financing transactions
with sizes of several billion euros
30 successfully completed NOAH Advisors transactions
underline successful transfer of M&A competencies to
the Internet sector
Entrepreneurial mind-set, focused on growing the
business and establishing a reputation for excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures align
interests of clients and NOAH Advisors, and demonstrate
conviction to deliver top results
Creative deal solutions
December 2014
September 2014
October 2014
May 2014
Sale of 100% of
for $800m to
Exclusive Financial Advisor to
Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to
Trovit and its Shareholders
Sale of controlling stake in
to
Exclusive Financial Advisor to
Facile.it and its Shareholders
sold 100% of
for $228m to a joint venture between
Exclusive Financial Advisor to Yad2
and its Shareholders
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
EUROPE’S LEADING INTERNET
CORPORATE FINANCE BOUTIQUE
September 2016
October 2016December 2016
May 2016
Investment in
by
Financial Advisor to Oakley Capital Exclusive Financial Advisor to
10Bis and its Shareholders
®
Marco Rodzynek
Managing Director & Founder
marco.rodzynek@noah-advisors.com
Jan Brandes
Managing Director
jan.brandes@noah-advisors.com
Justus Lumpe
Managing Director
justus.lumpe@noah-advisors.com
The NOAH Advisors Core Banking Team
Nikhil Parmar
Director
nikhil.parmar@noah-advisors.com
10Bis
Acquisition of a Majority Stake in
by
from
at a valuation of €300m
Investment in
Exclusive Financial Advisor to KäuferPortal
and its Shareholders
by
84% Ownership
Financial Advisor to Silver Lake
Investment in
by