Sales Deck Copyright Riskwolf AG Long-term mega trends present challenges for traditional underwriting and insurance The Challenge 2 It’s costly 35-40% cost ratio of incumbent insurers (e.g. Lloyd’s cost ratio 2022 ) It’s slow 4-6 months for claims settlement (in Cyber up to 3 years ) It’s inflexible A one-policy-fits-it-all approach with static and history based underwriting fails for new risks But traditional insurance is not made for this purpose: Climate Change Climate change effects will increase the property risk pool by around 33‒41%, generating up to USD 183 bn in new premiums by 2040 ( SwissRe ). Digitalization Cyber and technology risks could account for up to USD 80 bn by 2040. New trends such as cloud adoption fundamentally changes the market. Pivot East By 2040 $560 bn or 13% of the premium volume will shift from advanced markets towards east. + 16 additional new insurable risks