Digital Insurance Partners provides concise summaries in 3 sentences or less: Digital Insurance Partners seeks to become a leading digital insurance ecosystem in Asia by connecting policyholders, agents, brokers, and insurance companies. The company aims to streamline business and capital flows through online and offline distribution channels. By offering insurance products, claims advisory, crowd underwriting, and content/education, Digital Insurance Partners provides a one-stop solution while working with rather than disrupting existing insurance intermediaries.

1. Digital Insurance Partners

2. Market Opportunity
Insurance is a robust growing multi billion sector in Indonesia
448
0 0 00
100 100 100
0
65 65 65
288
116 116 116
167
167 167 167
TOTAL LIFE PREMI SOCIAL PREMI GENERAL PREMI CLAIM RESERVE
Indonesia Insurance Premium (In IDR Trillions) by sector in 2018
Double digit
growth YoY
until 2021
8Source: Euromonitor Indonesia Insurance Report, 2018

3. Notable Verticals
Leading companies in each insurance verticals and its respective total funding
Internet First Insurer
Property & Casualty
ZhongAn (2013, Shanghai, $931 M)
Life & Health
Oscar (2012, New York City, $727 M)
Employer Insurance
Benefits & Insurance
Zenefits (2013, San Fransisco, $583 M)
Marketplace
Liazon (2007, Buffalo, $30 M)
Claims Management & Solution
Property & Casualty
AutoClaim (2004, Los Angeles, Acquired)
Consumer Peer Insurance
Benefits & Insurance
Friendsurance (2010, Berlin, $15 M)
Distribution Platforms
Property & Casualty
Goji (2007, Boston, $126 M)
Commercial
Next Insurance (2016, Palo Alto, $131 M)
Life & Health
GoHealth (2001, Chicago, $50 M)
Enablers
Data Providers
Green Road (2004, Holon, $81 M)
Back-End Solution
iPipeline (1995, Exton, $104 M)
Reinsurance
QuanTemplate (2011, Gibraltar, $13 M)
Source: Tracxn, 2018

4. Overview ValuationKey Strength
• British insurance market where
members join hands as syndicates to
insure and spread risks of different
businesses, organizations and
individuals.
• Act as an insurance specialist and
intermediary between clients,
underwriters, brokers and insurance
companies.
• Lloyds underwrite more than US$ 20
Billion gross written premium in first half
of 2018
• Global professional services firm
headquartered in London that provides
risk, retirement and health consulting.
• Wide range of office across the globe
allowing AON to reach more customers
• AON listed at NYSE and its Market Cap
is US$ 35 Billion (Aug, 2018)
• Marsh & McLennan Companies, Inc.
have businesses in insurance
brokerage, risk management,
reinsurance services, talent
management, investment advisory, and
management consulting.
• Largest insurance broker in the World
and having wide range of subsidiaries.
• Marsh & Mclennan listed at NYSE and
its Market Cap is US$ 42.3 Billion (Aug,
2018)
• Willis Towers Watson is a global
multinational risk management,
insurance brokerage and advisory
company. The firm has roots dating to
1828 and is the third largest insurance
broker in the world
• One of the oldest and deep rooted
insurance brokerage company
• Willis listed at NYSE and its Market Cap
is US$ 19 Billion (Aug, 2018)
Companies Benchmark
Global conventional insurance agency & broker behemoth
Source: Various, 2018

5. Competitor Analysis - Indonesia
Distinctive value proposition that allows Bindcover to thrive in the insurance market
V V V V V
V V V V V
V V V X X
V X X X X
V X X X X
Consumer
Insurance
Content &
Education
Claim
Advisory
Crowd
Underwriting
Business
Insurance

6. Competitor Analysis - SEA
Distinctive value proposition that allows Bindcover to thrive in the insurance market
V V X X V
V X X V V
V X V X X
V X V (Automotive Only)
V (Complementary
Products Only)
X
V X X X X
Consumer
Insurance
Content &
Education
Claim
Advisory
Crowd
Underwriting
Business
Insurance

7. Product Overview
One stop solution from claim, product, and risk underwriting with seamless experience
Insurance Products
Claim Advisory
Crowd Underwriting
• Online insurance product marketplace focusing on only few most qualified
products
• Providing agent with tools and consumer/business can appoint a schedule
to meet agent and receive product knowledge presentation
Content & Education
Bindcover take 5-10%
gross commission fee
and 1-2% handling
fee
• Online portal for consumer/business to submit claim cases
• Claim management through advisory and partnership with big brokerage
firm to increase chance and ensuring liquidation of claim happen
Bindcover take 10-
15% gross fee plus 1-
2% handling fee
• Crowd underwriting platform for businesses to submit special
situation/high value risk
• Platform then will connect with relevant insurance companies to provide
multiple offers and/or jointly underwrite the process
Bindcover take 2-5%
platform fee plus 1-
2% handling fee
• Providing content about insurance and job portal for insurance industry
• Database for education/training materials for insurance professional
through partnership with event and mentors
Increase awareness
and customer
engagement

8. Product Overview
Claim Advisory
Business
Personal
Policy Holder
Bindcover agent will contact you for
consultation, agreement and documents
submission
All claims progress can be monitored online until the claim amount
transferred to your bank account
1 2 3
5
*through web and apps
4 Register and Login
into account

9. Product Overview
Insurance Product
Once data is completed and
payment has been transferred,
e-policy will be sent through
correspondent email
Business
Personal
Buyer
*through web and apps
Register and Login
into account
If needed, nearest agent will contact you for
consulting appointment at your desired time
Personal Buyer can
directly proceed to
purchasing process
without having
consultation with agent
This consultation is dedicated to
give information for Business
buyer about the product and
pricing as the transaction will
include significant amount of
sum insured and premium.
Personal buyer can also enjoy
this feature to consult about the
product and pricing.
1 2
3 4

10. Product Overview
Crowd Underwriting
High value asset with high sum
insured will be placed in platform for
intermediaries (brokers)
The crowd underwriting process will be
taken place inside the platform and
notification will be sent to registered/
verified insurance companies.
Insurance companies can start
underwriting the risk and participating
with their capabilities
1 2 3

11. Intermediaries
Industry Structure
Intermediaries are critical in insurance industry as deal maker amongst the players
Agents
Reinsuranc
e
Companies
Insurance
Policy
Holders
Insurance
Companies
Brokers Reinsurance
Intermediaries
Bindcover not to kill intermediaries but working together to create more effective market
Intermediaries
Intermediarie
s
Intermediarie
s
Intermediaries
Current insurance market structure Collaboration with insurance intermediaries
Risk Takers

12. Bindcover Ecosystem
Becoming digital insurance ecosystem that connect business and capital flow
Bindcover aim to become Asia leading digital insurance market
PolicyHolders
Brokerage Channel
Insurance & Reinsurance Brokers
Agents
Direct Channel
Insurance Companies
Brokerage Channel
Insurance & Reinsurance Brokers
Agents
Distribution
Online & Offline
Business Flow
InsuranceProducts
Product Flow