The document summarizes a presentation on netinsurer, a company providing digital infrastructure for the insurance industry. Netinsurer aims to address challenges in the insurance market like legacy IT systems, data inefficiencies, and fragmentation by connecting partners across the insurance value chain. The summary provides an overview of netinsurer's solution, traction with customers in Austria and plans for expansion, as well as the strengths of its team and positioning in the industry.

1. Software infrastructure powering the insurance industry
October 2018
CONFIDENTIAL

2. Three Conferences, One Mission: Empower the European Digital Ecosystem
To provide a physical marketplace
that facilitates funding of
digital European companies
at all stages
Mission Mission Mission
To promote Israel - European
relationships and enable funding
To bring together future-shaping
executives and investors active
across segments driven
by digital revolution
Connecting
Capital with
Entrepreneurs
Connecting European
Champions
and Challengers
Connecting Israel’s Startups
with Large Corporates
and Investors
30-31 October 2019
Old Billingsgate, London
13-14 June 2019
STATION Berlin
9-10 April 2019
Hangar 11, Tel Aviv

3. 1
netinsurer provides digital infrastructure powering next
generation insurance services
CONFIDENTIAL

4. Problem and solution
2
• Insurance is a multi-billion, profitable market facing challenges from
✓ fragmentation in distribution
✓ legacy IT, solution fragmentation and missing standardisation
✓ inefficient data usage/ analytics
✓ tighter regulation, etc
PROBLEM: MARKET
AND STATUS QUO
• Transforming the insurance industry as neutral infrastructure
connecting the partners of the value chain, facilitating
✓ effective digitalisation
✓ increasing quality in consulting and distribution
✓ effective usage of data
OPPORTUNITY/
SOLUTION
1
2
CONFIDENTIAL

5. netinsurer snapshot
3
Company: Austrian
insuretech
Traction: leading in Austria,
promising start in Germany
Team: 15 industry and tech
experts and growing
CURRENT NETINSURER PRODUCT/ SOLUTION OFFERING:
• Regulatory-compliant advisory software for all distribution channels
• Software for fully-automatised insurance distribution
CONFIDENTIAL

6. The insurance market is sizeable and profitable, but facing challenges
SOURCES: OECD (2015); VVO (2015 & 2016) GDV (2016), 4
GLOBAL FACTS: MULTI-BILLION MARKET WITH ENTRY
BARRIERS …
OECD: USD 4.8 tn total
premium volume
US: USD 2.6 tn total
premium volume
EU-15: USD 1.4 tn total
premium volume,
thereof c. USD 310 Bn in
Germany & Austria
China: USD 0.3 tn total
premium volume
x Operational inefficiency
x Regulatory pressure
x Legacy IT
x Lack of digitalisation/ automation
x Missing standardisation
x Inefficient use of data
x Insurance as “no-want” products
x High degree of fragmentation of
independent distribution
x Low interest environment
x … and many more …
… FACING GROWING CHALLENGES
1
CONFIDENTIAL

7. The solution: What do we do to mitigate the industry problem
5
2
Insurance value chain (customer-centric)
Interaction with
sales channel
Purchase of
insurance product
Ongoing interaction
with insurance/
sales channel
Damage event/
claim
Standardisation &
digitalisation of the
advisory process
Fully automated
distribution
solutions
Digitalisation of the
claims process for
distribution
netinsurervalue-add/solutions
Enable more
comprehensive
comparison
Filing and communication solutions for fragmented distribution
Improved quality of the distribution/ advisory process; improved customer experience
Increased cross-selling/ revenue potential
Process efficiency, effective use of data along the value chain
CONFIDENTIAL

8. Our traction evidenced by our growing client base
6
2
7
0
100
200
300
400
500
600
700
800
900
USERS OF VERSICHERUNGSASSISTENT
Additional c. 2k users to be onboarded
under framework agreements
SELECT USERS OF VERSICHERUNGSASSISTENT:
A-CLIENTS, BROKERS & BANKS
SELECT INSURANCE AND OTHER CLIENTS
CONFIDENTIAL

9. Our strategy, sequencing of next steps
7
2
Continue to attract insurance companies and become the
infrastructure between insurance and distribution
Grow our client base and expand geographically
Improve our product and increase the average revenue per user
Leverage data
1
2
3
4
Clear traction in Austria, now
expanding to Germany
Pipeline of up-selling features
growing
First agreements
To come
STATUS-QUOSTRATEGIC SEQUENCE
CONFIDENTIAL

10. Why is netinsurer uniquely positioned
8
2
Team: Right balance of
insurance know-how, tech &
company building expertise
Product/ solution: Highly
scalable, neutral, value-added
solution
Traction: Strong revenue
growth & increase of client
base, leader in Austria
Positioning: Clear positioning as
neutral B2B platform focussing
on the entire value chain
Strategy: Unique strategy as
neutral intermediary platform
Timing/ brand: Since 2015
netinsurer has built a B2B
brand ready to scale abroad
CONFIDENTIAL

11. netinsurer team: Highly experienced with relevant track-record
9
Thomas Hajek
Co-Founder
Christian Rieger
Senior Advisor and
Co-Founder
Dr. Bernhard Klemen
Co-Founder
2
Jürgen Musil
CTO
CONFIDENTIAL
OUR PARTNER UNIVERSE (SELECTION)
Egbert Willam
Jan Bolz
Carl Bauer
SELECTED BUSINESS ANGELS
Team: Right balance of insurance know-how, tech & company building expertise

12. 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
25+ 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
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
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
October 2016
July 2018
December 2016
®
The NOAH Advisors Core Banking Team
Investment in
Exclusive Financial Advisor to KäuferPortal
and its Shareholders
by
84% Ownership
Exclusive Financial Advisor to
PromoFarma and its shareholders
Financial Advisor to Silver Lake
Investment in
by
September 2018
August 2017
Financial Advisor to 10bis and its shareholders
Financial Advisor to EMK Capital
Acquisition of a Majority Stake in
by
at a valuation of $200m
Marco Rodzynek
Managing Director & Founder
Jan Brandes
Managing Director
Nikhil Parmar
Director
Olek Skwarczek
Analyst
Lukas Schlund
Analyst
Sale of 100% in
to
Sale of 100% in
for €135m to
10Bis