Overview of a Reinsurance Smart Contract Deployment on a Private or Public Ethereum Blockchain. This project was created and on the Nivaura Financial Instrument Issuance and Administration Engine.

1. Confidential – for emailed recipients only, please do not distribute
Reinsurance Platform Deployment

2. Platform for Life Cycle Management of Decentralised Smart
Financial Reinsurance Instruments
• Execute bilateral or multilateral deals
• Coordinate and agree terms with counterparties with full
audit trail
• Structure standard legal documentation automatically
• Deploy decentralized smart contracts to administer
structured reinsurance contracts
• Interface reinsurance platform with internal systems and
or external data providers to securely trigger smart
contract events
• Easy to use communication channels
• Structure transferable instruments and enable trading
between platform users, with custody managed on
blockchain
2
2 Confidential – for emailed recipients only. Any use beyond consideration for intended proposal strictly prohibited.

3. Platform Has Full Communication and Alert Functionality
3 Confidential – for emailed recipients only. Any use beyond consideration for intended proposal strictly prohibited.

4. Easy to Use Live Contract Management
4
4 Confidential – for emailed recipients only. Any use beyond consideration for intended proposal strictly prohibited.

5. New Contract Terms Coordinated and Agreed Online
5 Confidential – for emailed recipients only. Any use beyond consideration for intended proposal strictly prohibited.

6. Contract Coordination and Change History Recorded
6 Confidential – for emailed recipients only. Any use beyond consideration for intended proposal strictly prohibited.

7. Agreed Contract Legal Documents Structured
7 Confidential – for emailed recipients only. Any use beyond consideration for intended proposal strictly prohibited.

8. Bilateral or Multilateral Contract Issuance
8 Confidential – for emailed recipients only. Any use beyond consideration for intended proposal strictly prohibited.

9. Agreed Contracts Deployed and Administered using
Blockchain Smart Contracts
9 Confidential – for emailed recipients only. Any use beyond consideration for intended proposal strictly prohibited.

10. Administrator Has Control To Manage Functions, Addition of
New Instruments and Users
10 Confidential – for emailed recipients only. Any use beyond consideration for intended proposal strictly prohibited.

11. Instrument Types Supported
COLLATERAL
(Trust Account)
SPECIAL PURPOSE
VEHICLE
(SPV)
INVESTORS
ISSUER
(Insurer or
Reinsurer)
MMF Principal
Principal
MMF + SCAT
+ (Residual) Principal
Contingent Payment
SCAT
SCAT : Instrument Spread (=Premium)
MMF : Money Market Fund Returns
Trigger
Monitoring and
Confirmation
Service
Trigger Event
TS1
TS2
TS3
TS4
TS5
TS7
TS8
TS6
11 Confidential – for emailed recipients only. Any use beyond consideration for intended proposal strictly prohibited.
• TS1: Instrument Terms Coordinated
and Contract Structuring
• TS2: Investment Register Updated and
Funds Transferred
• TS3: Delivery of Certificates /
Confirmations to Investors and Issuers
• TS4: Recurrent Premium Payments to
SPV for Allocation to Investors
• TS5: Recurrent Premium Payment from
SPV to Investors
• TS6: Trigger Event Confirmation and
Value -> Go to TS8
• TS7: Principal Payment to Investor and
Contract Closure (End)
• TS8: Principal Payment to Issuer and
Contract Closure in Case of Event (End)
• Reinsurance Swaps
• Catastrophe Bonds
• Reinsurance Bouquet
• Tradable Insurance Policies

12. 12 Confidential – for emailed recipients only. Any use beyond consideration for intended proposal strictly prohibited.
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Bouquet Structure Terms With Customizable Lines of
Business And Key Contract Feature Selection
• After Feature Lines of
Business and Other Feature
Customization, Legal
Document Generation and
Smart Contract Construction
and Deployment Occurs
Automatically
• Key data for feature selection
and claims losses can be
provided by direct feed from
internal systems or other data
sources (see Technology
Overview sections

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Allianz Risk Transfer
Reinsurer B
Allianze Re
Allianz SE (Audit)
Reinsurer A
Allianz SE (Finance)
Allianz SE (Risk)
Reinsurer C
• All Allianz Internal Functions
can have a Blockchain Node,
so data can be shared
seamlessly without need for
reconciliations
• Each Reinsurer in the
contract can have a
standalone interface on the
Blockchain
• In the test case the
transactions sent to the
network won’t be
encrypted, but in a
production solution data
encryption would be
leveraged to ensure all data
transmitted to the network
and stored on the network
is confidential
Private Blockchain Deployment Between All Relevant Allianz
Functions and Key External Stakeholders
Confidential – for emailed recipients only. Any use beyond consideration for intended proposal strictly prohibited.13

14. • The information provided by Nivaura in this document is proprietary and confidential to Nivaura.
• Without Nivaura’s prior written permission, this Response, either in whole or in part, must not be reproduced in any form or by any means or disclosed to others or used for purposes other than its evaluation by the intended party. It
may not be disclosed to any third party even for the purposes of evaluation, except as expressly authorised by Nivaura in each case.
• Where we have mentioned other Clients or Partners by name we stipulate that no contact be made with any such Client or Partners without the prior approval of Nivaura in each case.
• Where this Response makes reference to trademarks that may be owned by others, the use of such trademarks herein is not an assertion of ownership of such trademarks by Nivaura and is not intended to represent or imply the
existence of an association between Nivaura and the lawful owners of such trademarks.
• This Response and any document to which it is attached is subject to (i) completion of each party’s internal review process and; (ii) subject to contract, where applicable.
• Whilst care and attention has been exercised in the preparation of this Response, Nivaura do not accept responsibility for any inaccuracy or error or any action taken in reliance on the information. This Response remains subject to
contract and all warranties whether express or implied by statute, law or otherwise are hereby disclaimed and excluded to the extent permitted at law.
• Any pricing or valuation information provided in this document is provided on a budgetary basis for evaluation purposes only. Any final agreement by the parties on pricing or valuations shall be agreed via an appropriate contract (to be
agreed).
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