Wesure Global Tech Ltd.

Investor Presentation • Dec 7, 2022

Global-Tech Ltd Q3-2022 Interuim Financial Report Investor Presentation summary

Hi-Tech-ing the insurance world

הבהרה משפטית

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המידע הכלול במצגת זו הינו תמצית בלבד, אינו ממצה את מלוא הנתונים אודות החברה ופעילותה, ואינו מחליף עיון בדוחות הכספיים התקופתיים והעיתיים ובדיווחיה השוטפים של החברה, כפי שדווחו לרשות ניירות ערך באמצעות אתר ההפצה של המגנ"א. מידע מהותי אודות החברה, הכלול במצגת זו, נמסר לציבור בעבר במסגרת דיווחי החברה. עם זאת, עשויים להיכלל במצגת נתונים המוצגים באופן ו/או פילוח שונים מאלו שהוצגו בעבר בדיווחי החברה.

מצגת זו אינה מתיימרת לכלול את כל המידע העשוי להיות רלבנטי לצורך קבלת החלטה כלשהי בנוגע להשקעה בניירות הערך של החברה ובכלל. המצגת נערכה לשם הצגה נוחה ותמציתית בתרגום לשפה האנגלית, והיא אינה ממצה את מלוא הנתונים אודות החברה ופעילותה ואינה מחליפה את הצורך לעיין בדיווחים כמפורט לעיל.

המצגת אינה מהווה הצעה להשקעה או לרכישת ניירות ערך של ווישור גלובלטק בע"מ )"החברה"( ובפרט אינה מהווה "הצעה לציבור" או "מכירה לציבור" מסוג כלשהו המצגת נועדה אך ורק למסירת מידע והאמור בה אינו מהווה המלצה או חוות דעת או תחליף לשיקול דעת של משקיע ואינה מתיימרת לכלול את כל המידע העשוי להיות רלבנטי לצורך קבלת החלטה כלשהי בנוגע להשקעה בניירות הערך של החברה ובכלל.

מצגת זו עשויה לכלול מידע צופה פני עתיד כהגדרתו בחוק ניירות ערך, התשכ"ח- 1968 לרבות תחזיות, יעדים, אסטרטגיה עסקית הערכות ואומדנים הן לגבי פעילות החברה והן לגבי השווקים בהם היא פועלת, וכן כל מידע אחר, בכל צורה בה הוא מובא, המתייחס לאירועים או עניינים עתידיים, אשר התממשותם אינה ודאית ואינה בשליטת החברה. מידע זה מבוסס על הערכות והנחות עדכניות נכון למועד המצגת, בין היתר, של הנהלת החברה, אשר על אף שהחברה סבורה שהנן סבירות, הרי שהן בלתי ודאיות מטבען ומתבססות בחלקן על הערכות סובייקטיביות בלבד.

התממשותו או אי התממשותו של המידע צופה פני עתיד תושפע, בין היתר, מגורמי סיכון המאפיינים את פעילות החברה, מהחלטות של צדדים שלישיים לרבות רשויות רגולטוריות ומהתקשרויות עם צדדים שלישיים, וכן מההתפתחויות בסביבה הכלכלית ובגורמים חיצוניים המשפיעים על פעילות החברה, ואשר לא ניתן להעריכם מראש והם אינם מצויים בשליטת החברה. כמו כן, ההתייחסות במצגת ליעדים ואסטרטגיה של החברה היא נכון למועד זה. יעדים אלו יכול שישתנו מעת לעת בהתאם להחלטות האורגנים המוסמכים של החברה. החברה אינה מתחייבת לעדכן או לשנות תחזית או הערכה כאמור על מנת שישקפו אירועים ו/או נסיבות שיחולו לאחר מועד מצגת זו ואינה מתחייבת לעדכן מצגת זו.

WeSure Global Tech – New Generation Technology

* Acquisition of the controlling interest was completed (June 30, 2022)

WeSure Global-Tech

• On June 30, 2022, the Ayalon Acquisition was completed, and the company purchased the controlling interest from the Estate Manager of the Late Levi Rachmani ~ 67% of the issued and paid-up share capital of Ayalon for ~ 126 million dollars (~ 448 million NIS).
• On August 23, 2022, a set of agreement was signed with AmTrust Group WeSure Global-Tech is about to enter the US market.
• Capital raisings were completed via private issuance totaling approximately 280 million NIS.
• Ayalon Insurance's results were consolidated for the first time as part of the company's P&L for a period of 3 months that ended on September 30, 2022.
• The Balance Sheet was consolidated for the first time on June 30, 2022.

• The significant increase results from the closing of the Ayalon Acquisition as June 30, 2022 (consolidated on that date for the first time).

• exchange rate USD 3.543:1 NIS

Our one-stop strategy is centered on innovative distribution and tech DNA

Multi-liner by design

We currently offer motor insurance and home insurance and planning to enter the SME insurance soon. Development pipeline currently including SME insurance and we plan to expand our offerings.

Digital value proposition

We offer our customers a delightful, quick and seamless customer journey, with the possibility to buy different insurance policies in one place

We maximize our reach per unit cost through a careful and analytically driven selection of channels (digital, TV, radio) and through an extensive leverage of partnerships that allow to maintain relatively a low CAC

Our business and operating model - Israel

Our international expansion plans

Our tech stack enabling factors

Strong Growth & After < 3 years Making a Net Profit

Our figures: From the P&L Data

USD mln

(exchange rate USD 3.543:1 NIS)

						*
	FY 2018	FY 2019	FY 2020	FY 2021	FP 1-9/2021	FP 1-9/2022	** 2022/ 2021	FP 7-9/2021	* FP 7-9/2022	** 2022/ 2021
Gross Written Premiums (GWP)	1.15	28.33	67.17	87.46	70.38	393.26	458.8%	12.58	300.31	2288.1%
Premiums earned , gross	0.10	21.90	52.95	76.44	56.79	314.25	453.4%	19.32	255.66	1223.6%
earned by Premiums reinsurers	0.07	16.96	38.53	54.10	40.12	143.30	257.2%	13.63	102.53	652.3%
Premiums earned on retention	0.03	4.94	14.42	22.34	16.67	170.95	925.6%	5.69	153.13	2592.4%
Income from investments and , net financing income	0.01	0.83	0.62	4.21	2.94	(20.69)	#	0.96	(17.23)	#
Income from fees management	0.00	0.00	0.00	0.00	0.00	2.22	#	0.00	2.22	#
Income from commissions	0.01	2.50	5.32	7.48	5.54	12.20	120.2%	1.88	7.40	293.4%
Total income	0.05	8.28	20.36	34.03	25.15	164.68	554.7%	8.53	145.52	1605.7%
Payments and changes in liabilities with insurance on retention respect to contracts	0.17	3.95	10.55	17.56	12.54	104.61	734.3%	4.28	90.69	2020.2%
Net Loss ratio	533%	79.9%	73.1%	78.6%	75.2%	61.2%	(18.7%)	75%	59%	(21.3%)
Commissions , marketing expenses and
other acquisition costs	0.33	2.92	6.45	9.96	7.23	22.78	215.0%	2.63	15.52	490.9%
Acquisition ratio	312%	13.3%	12.2%	13.0%	12.7%	7.2%	(43.1%)	14%	6%	(55.4%)
General and administrative expenses	0.89	1.64	1.90	3.01	1.85	22.4	1113.4%	0.61	20.67	3267.9%
Admin ratio	848.1%	7.5%	3.6%	3.9%	3.3%	7.1%	119.3%	3%	8%	154.5%
Other expenses	0.00	0.00	0.00	0.00	0.00	0.2	#	0.00	0.17	#
Financial expenses	0.01	0.12	0.18	0.42	0.30	5.0	1577.6%	0.11	4.72	4088.7%
Total expenses	1.38	8.63	19.08	30.95	21.92	155.0	607.2%	7.63	131.78	1627.0%
company share in companies profit (loss) treated by the equity method	0.00	0.00	0.00	0.00	0.00	0.1	#	0.00	0.11	#
Profit (loss) before taxes on income	(1.33)	(0.36)	1.28	3.08	3.23	9.78	#	0.90	13.85	#
Profit before Other (loss) taxes	0.00	0.00	0.00	0.01	0.01	(26.8)	#	0.00	(26.79)	#
Total Profit (loss) before taxes	(1.33)	(0.36)	1.28	3.09	3.24	(17.00)	#	0.90	(12.94)	#
Shareholders Total Profit (loss) for the			0.63	1.49	1.83		#	0.51		#
period Profit for Non controlling interest Total (loss) the	(1.19)	(0.10)				(9.50)			(6.64)
period	0.00	0.00	0.00	0.00	0.00	(2.15)	#	0.00	(2.15)	#
Total Profit (loss) for the period	(1.19)	(0.10)	0.63	1.49	1.83	(11.65)	#	0.51	(8.79)	#

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* The significant increase results from the closing of the Ayalon Acquisition as June 30, 2022 (consolidated for the first time for the three months 7-9/2022).

** - % change

Gross Written Premiums

Consistent Growth reaching GWP USD 393 million including the M&A activity

USD mln (exchange rate USD 3.543:1 NIS)

For the Nine- and Three-month periods

For the last years since inception of business activity

9

* Ayalon Insurance results consolidated as of June 30, 2022

Gross Written Premiums for the reporting period (by sectors of operations)

Entering Life and Health Sector via Ayalon Aquation

USD mln (exchange rate USD 3.543:1 NIS)

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* Ayalon Insurance results consolidated as of June 30, 2022

Gross Earned Premiums By LOBs for the reporting period

P&C Insurance for period 1-9/2022 compared to the prior period last year

USD mln

(exchange rate USD 3.543:1 NIS)

Gross Earned Premiums By LOBs for the reporting period ( New Sectors of Operations)

Life, Long term savings and Health Insurance for Q3

USD mln (exchange rate USD 3.543:1 NIS)

12

Life and Long Term Savings

* Ayalon Insurance results consolidated as of June 30, 2022

Gross Earned Premiums By LOBs (branch of Operations)

13

P&C Insurance for years 2019 -2021

USD mln (exchange rate USD 3.543:1 NIS)

Profit (loss) After tax

For the nine and three month periods

14

** Loss attributed to the Shareholders

Strong Multi-year development

Our figures: From the P&L Statements

USD mln

(exchange rate USD 3.543:1 NIS)

Strong Balance Sheet Multi- Year Growth

Our figures : Balance Sheet statements

Total Assets above USD 4.7 Billion

USD mln (exchange rate USD 3.543:1 NIS)

* Assets	December ,31 2018	December ,31 2019	December ,31 2020	December ,31 2021	September ,30 2021	September ,30 2022	the percentage of change 2022/2021
Financial investments	-	-	-	-	-	1,180.10	-
Financial investments for yield-dependent contracts	1.69	17.43	45.27	88.76	82.41	1,215.73	1375%
Reinsurance assets	0.80	20.05	59.51	104.95	96.48	1,204.97	1149%
Other assets	17.93	15.83	31.89	55.76	58.14	1,102.27	1796%
Total balance sheet *	20.42	53.31	136.68	249.47	237.03	4,703.07	1884%
* Equity & Liabilities	December ,31 2018	December ,31 2019	December ,31 2020	December ,31 2021	September ,30 2021	September ,30 2022	the percentage of change 2022/2021
Total attributable equity to shareholders of the company	6.59	6.93	7.70	34.13	34.54	109.22	216%
controlling Non interests	-	-	-	-	-	34.17	-
Total equity	6.59	6.93	7.70	34.13	34.54	143.39	315%
Liabilities for non yield dependent insurance contracts and investment contracts	1.13	24.88	76.84	136.56	126.57	2,424.90	1816%
Liabilities for yield-dependent insurance contracts and investment contracts	-	-	-	-	-	1,290.90	-
Financial liabilities	0.41	2.17	4.66	7.14	4.30	288.69	6619%
Other liabilities	12.29	19.33	47.48	71.65	71.63	555.19	675%
Total balance sheet *	20.42	53.31	136.68	249.47	237.03	4,703.07	1884%
* The significant increase in the balance sheet results from the closing of the Ayalon Acquisition as June 30, 2022 (consolidated for the first time on that date).

* The significant increase in the balance sheet results from the closing of the Ayalon Acquisition as June 30, 2022 (consolidated for the first time on that date).

Solvencey II Ratios* As at 30.06.2022

The group's Insurance companies

USD mln

	company	WeSure Insurance	Ayalon Insurance company
	30/6/22	31/12/21	30/6/22	31/12/21
Total of Economic equity	20.4	18.8	411.5	411.5
Considering the relief in the transition period :
Capital requirements (SCR)	18.0	14.0	377.9	406.2
Solvency II Ratio	** 113%	134%	109%	101%
Disregarding the transition relief instructions:
Capital requirements (SCR)	21.5	16.8	447.4	499.3
Solvency ratio	** 95%	112%	92%	82%

(exchange rate USD 3.543:1 NIS) *Includes material events that affected the total economic capital from financial reporting date, to the date of publication of the solvency reports

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** After the issuance of additional share capital in the amount of 5 million NIS after the date of the report.

Some of the Significant events during the reporting period*

*For other events, see the Board of Directors' Report

❖ Closing of the acquisition of the controlling interest in Ayalon Insurance on 30 June 2022, with Caesarea (Zvi and Anat Barak) entering the company's Controlling interest Group. Successfully Raising via PIPE NIS 280 million for the purpose of this M&A and receiving additional NIS 90 million financing from a banking institution via a loan for a period of 5 years, at an interest rate of Prime + 2.5%.

• ❖ Closing of an agreement to sell holdings of Ayalon Insurance and Ayalon Long-Term Savings Ltd. in Meitav Dash Provident and Pension Ltd.
• ❖ Entering into strategic investment and cooperation agreements with the AmTrust Group
• ❖ Ayalon Insurance won a tender for Personal Accident insurance account of all students in Israel, for a period of 3 years, with an estimated annual written premium of ~ NIS 180 million

❖ Wesure Insurance company won a tender as one of the three Motor insurers of the Civil Servants accounts for 2023 (of one of the biggest motor tenders) following its winning of this tender for 2022. The annual written premium is estimated at ~ NIS 140 million

❖ The company's engagement with Ayalon Insurance in a convertible promissory note in the amount of NIS 55 million (principal), which constitutes an additional Tier 1 capital (subject to contingent conditions that have not yet been met)

• ❖ Appointment of a CEO for the Group's wesure U.S. operations
• ❖ Expansion of the license of Wesure Insurance to operate in the Commercial Package LOB.

We engage customers with our smooth and seamless customer journey

1

Automated retrieval of data and real time Data Analysis

Our Group Motor Operations: capturing new mobility trends

Mobility segment is changing and is as increasingly important due to impressive growth of shared mobility and autonomous driving markets

We are scaling our Group Motor operations to become the go-to insurer in the new mobility space and capture the trend towards higher and higher customer interconnectedness

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As part of the USA expansion strategy to SMEs

We provide excellent customer experience and they Love Us

Our business and operating model

Our international expansion plans

Our tech stack enabling factors

Our International expansion plans first USA and than Europe

International expansion via zero-capital OpCos (MGA)¹ launched and scaled by local management teams

We will keep Israel as our tech lab to develop and test new products

Entry to the US market continues as planned

MGA/Insurance producer approval received for the State of New Jersey as the home state

Additional licenses granted in other 8 states including States of Ohio, Illinois, Indiana, Taxes ,Michigan , Pennsylvania etc

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1. Management General Agency

The principles for establishing the activity in the USA

Entering the market in a Joint Venture with a strategic partner

Efficient Entry with Strong Control over costs and technical results

Administrative and close management presence – "foot on the ground"

USA Activity

The Digital platform will provide the great customer experience we have in Israel, also in the USA

Global-Tech will remain an Israeli company, acting as the Tech Lab for the continues Development and Testing of new products and processes

Our expansion plan in the US: SMEs as first target customers (Property, Liability and Motor)

End-to-end digital processes from onboarding to claims

Based on consultant's analysis

Simple packages with modular options to close sales in a short time

Automated underwriting: immediate feedback to clients

Digital claims with possibility to get assistance services on premises

Phase 1- Expanding our activity to the USA

zero-capital OpCos (MGA)¹ launched and scaled by local management teams

We will keep Israel as our tech lab to develop and test new products

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Investment agreements and strategic collaboration with the American Insurance Group AmTrust

1. Management General Agency

The Set of Agreements Signed with AmTrust

2M\$→ 30% Investment agreement

Shareholders' agreement

Converted liability note into 35M shares

Management Producer Agreement

Software licensing

הסכם ההשקעה Investment Agreement

הסכם בעלי המניות Shareholders' Agreement

כתב התחייבות המיר Convertible Promissory Note

הסכם ה- MPA MPA Agreement

JOIN הסכם רישוי תוכנה VENTURE Software Licensing Agreement

MGA/Insurance producer approval received

Our business and operating model

Our international expansion plans

Our tech stack enabling factors

E2E digital ecosystem and superior tech are the enablers of our success

Interfaces as a design choice

Innovation driven

Multi-line architecture Automated processes

Data-driven operations

Vast digital (and physical) customer reach

Rapid launch of new (and tailored) products

Smooth and seamless customer journey

Use of Advanced Analytics (AI/ML)

Frictionless and distinctive customer service

Sophisticated pricing, and U/W techniques, more granular differentiation, higher personalization

Our underwriting process sets a new bar for underwriting speed

Multi-layered risk exposure quantification model

Underwriting rules for additional options in a given dimension (e.g., new professions covered) are automatically combined with pre-defined rules for other dimension, minimizing go-to-market pricing efforts

On top of these underwriting dimensions, front-end is generated by a layer which includes:

리드립니

Country specific pricing factors

Language localization

Currency

Relevant regulation

Relevant vendor data interfaces

Advantages

Our system is highly configurable

Configuration requires less coding efforts

New products launched with quick time to market

Relatively easy entry to new markets

Real time data driven process (including prices and underwriting)

"Before a Revolution happens, it is perceived as impossible, after it happens, it is seen as having been inevitable"