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quarterly-insurtech-briefing-q4-2017

Q4 2017

Q4 2017 Industry Theme The Sobering of InsurTech: Adapting Business Models for Incumbents Data & Analytics – Selected Companies Data & Analytics (US$ in millions) # Company Total Funding Investor(s) 1 The Climate 108.8 • Monsanto Corporation (Monsanto) 2 Cyence (Guidewire) 40.0 • Guidewire Software 3 PremFina 36.0 • Draper Esprit • Emery Capital • Fineqia International • Microsoft Accelerator • Other Investors (a) 4 Weather 32.8 • Tokio Marine HCC Analytics • W. R. Berkley • Other Investors (b) 5 ProspX 27.6 • Adams Capital • HPI Real Estate Services • Undisclosed Investors 6 Conservis 26.7 • Cultivian Sandbox • Heartland Advisors • Middleland Capital • Undisclosed Investors 7 Zubie 24.0 • Best Buy • Castrol innoVentures • Melody Capital • NGP Capital • Other Investors (c) 8 Friss 19.1 • Aquiline • BlackFin Capital • VentureClash 9 Valen Technologies (Insurity) 16.0 • Insurity Description • Advanced analytics platform that combines hyper-local weather monitoring, agronomic data modeling and high resolution weather simulations to help farmers protect and improve farming operations • Authorized provider of the U.S. Federal crop insurance program • Acquired by Monsanto for $930 million in October 2013 • Data analytics and risk modeling software provider that provides customized solutions for addressing cyber risk • Acquired by Guidewire Software in October 2017 for ~$275 million • UK based white labeled software-as-a-service solution for insurance brokers enabling customized marketing and distribution • Fineqia International made a corporate minority investment in December 2017 (terms undisclosed) • Technology-driven provider of global climate intelligence • Aggregates historical, current and forecasted weather content in online database with risk mitigation tools and predictive analytics • Insurance industry data analytics platform that harvests and consolidates relevant information and business intelligence • Software solutions provider that aims to help employers reduce costs of managing risk and compliance • Services include developing and implementing ISO compliance and performance tracking and management tools • Also provides automated record keeping and farm operating process management services for agricultural producers and crop insurance agents • Mobile automobile diagnostic software that provides real-time maintenance alerts, driving insights and engine diagnostics • Netherlands based insurance compliance and fraud detection analytics software provider • P&C analytics company that builds, develops and deploys predictive models for underwriting and claims fraud • Acquired by Insurity in January 2016 (a) Includes Rakuten Ventures, Rubicon Venture Capital, Talis Capital and Thomvest Ventures. (b) Includes In-Q-Tel, Maryland Department of Business and undisclosed investors. (c) Includes Comporium, Magna International, October Capital and OpenAir Equity Partners 25 willistowerswatson.com

Q4 2017 Industry Theme The Sobering of InsurTech: Adapting Business Models for Incumbents Data & Analytics – Selected Companies Data & Analytics (US$ in millions) # Company Total Funding Investor(s) 10 The Floow 15.9 • Direct Line Group • Fosun • United Electronics 11 Zendrive 15.0 • BMW i Ventures • First Round Capital • Nyca Partners • Other Investors (a) 12 Cape Analytics 14.0 • Data Collective • Khosla Ventures • Montage Ventures • XL Innovate • Other Investors (b) 13 Praedicat 12.0 • RAND Corporation • RMS • Rustic Canyon Partners 14 TrueMotion 12.0 • Bain Capital Ventures • General Catalyst • Lakestar • Undisclosed Investors 15 Driveway 11.6 • AltaIR Capital Software • Ervington Investments • Kernel Capital • Plug & Play Accel. • Other Investors (c) 16 States Title 10.2 • Bloomberg Beta • Fifth Wall Ventures • Foundation Capital 17 Vericred 9.7 • FCA Venture Partners • Undisclosed Investors Description • UK based autonomous telematics systems provider • Clients include insurers and auto organizations • Data analytics platform that monitors driving patterns and helps drivers make better decisions • MGA operation distributes auto insurance coverages • Data analytics service provider that leverages machine learning and geospatial imagery to quantify property risk • Catastrophe risk modeling and consulting services provider that combines data analytics with geo-footprint mapping • Partnership with Allianz to provide catastrophe liability risk management prediction services • Data analytics technology platform that enables insurers to distinguish between safe and risky drivers and reward safe drivers with discounts on their insurance through mobile app Mojo • Driver feedback mobile app that analyzes driving habits and behavior and identifies patterns • Next generation predictive analytics platform for title insurance • Health care information services company developing a cloudbased SaaS ecosystem for compliance and risk management • Data solutions reduce costs for health and InsurTech companies; modern API enables hassle-free data delivery to insurers (a) Includes Expansion VC, Fontinalis Partners, Sherpa Capital, Thomvest Ventures, Trucks VC and undisclosed investors. (b) Includes Formation 8, Lux Capital, Promus Ventures and Rich Boyle. (c) Includes Gigi Levy, IMI.VC, Peter Wolken and TechAviv Angels. Quarterly InsurTech Briefing Q4 2017 26

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