Page 15 - ASCOT GROUP COMPLETE DOCUMENT (2)

Without old technology or legacy systems holding us back, we can respond to the evolving marketplace
with agility and speed.

With our unrestricted Category 1 international cross border insurance licence, and digital distribution
technology, we can create a full spectrum of Life-Wealth and insurance products for any market in the
world.

While Ascot Life is currently focused on international cross border life assurance and wealth
management solutions, our future plans see borderless banking, wellness, health and travel insurance,
along with wealth creating products specifically for Millennials - who will dominate the market space
over the next 30 years.

The unique combination of combining a cross border international life assurance company, along with
Ascot Group’s regulated and approved ROBOPLANNER named FELIX, implemented within a digitally
automated administration system is a game changer.

A formula to finally open up life & wealth solutions to global markets via the internet - which is after
all, the ultimate cross border platform.

The internet has opened up the world for products and services to be distributed from all corners of
the globe; this is yet to happen within the life-wealth space. The primary reason the life-wealth
industry has yet to fully embrace global online distribution is largely regulatory with the three main
barriers being:

1. For the majority of onshore domestic life assurance companies, the client must reside in the
same country as the issuing life assurance company, this is therefore not conducive for on
boarding clients over the internet where the clients are not resident in the same country

❖ The Isle of Man is an international cross border financial centre - structured and geared up
to accept clients from outside of the Island where there is only a population of 85,000

2. Regulated and appropriate advice must be given for client product suitability before a policy
can be issued by a life assurance company

❖ FELIX conducts an internationally regulated online financial planning exercise, where the
prospective client will answer a series of personal and financial questions, in the form of a
chat bot, in a selected language of choice – this exercise could be either executed in
written format, verbal or both

3. In most cases the advisor must also be regulated in the same jurisdiction as the issuing life
assurance company

❖ FELIX will provide product suitability in-line with international standards - thus providing
the necessary regulated advice for Ascot Life to accept the client and issue the selected
policy no matter where they are located in the world