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2. The Ascot Solution

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

3. The uses and benefits of FELIX

FELIX is the first of its kind in the market and should not be confused with a robo investment manager
(which essentially re-balances an investment portfolio).

FELIX uses algorithms and technology in place of a human financial adviser, it offers a convenient and
low cost solution to a client who wants to save their money, but often doesn’t have sufficient wealth
to warrant the attention and interest of a human advisor. As a result, FELIX is a perfect fit for individuals
and families with a lower disposable income in the emerging markets.

By using FELIX, Ascot Group is no longer limited to the number of potential policies that could be sold
through traditional IFA and broker agents (although this market is also a source of business to us) FELIX
gives Ascot Group unlimited online access to customers based anywhere in the world, at a fraction of
the cost.