1. Travel insurance as it was meant to be.
Faye 2023

2. TL;DR
Full-stack MGA with claims
authority, already available in
48states
$Millions
in sales (exact figure
redacted)
Within less than a year in the
market
>10%
<15% market penetration
Probably the most profitable,
growing and underpenetrated line of
insurance you’ve never heard of
Market CAGR $XB
>$YB potential
The opportunity: be the first to
introduce a brand and loyalty,
winning and expanding the market
U.S. market
(exact figure
redacted)

3. Decades of experience across travel,
insurance and technology
Investors
Yoel Amir
Former CEO
Mike Nelson
Former Travel CEO
Rick Ensign
Former VP Sales
Advisory
Board
Elad Schaffer
Co-founder and CEO
Daniel Green
Co-founder and CTO
Moran Treiser
Growth
Gal Levy
R&D
Gal Magid
CX
Tali Eilon
Design
Doron Samish
Product
Motti Bebchuk
Operations
Lauren Gumport
Marketing
Jeff Rolander
31 team members worldwide
Claims, Carrier
relations

4. Travel insurance today doesn’t live up
to basic consumer expectations
Consumers
don’t trust it
Confusing
Incumbents are not built
for repeat customers
Bureaucratic and slow
Bad reputation
No customer ownership or
engagement
Low margins
No data, legacy
systems
The result
No brand, no loyalty.
Customers buy insurance
they will struggle to use,
insurers pay crippling
commissions, and live off
of tiny margins.

5. Travel insurance is a lucrative line
with massive growth opportunities
U.S. market potential
(fully penetrated)
Current U.S. market
$REDACTED
Embedded financial products
Post-booking travel services
Going international
Additional Growth
Opportunities
Source: US Travel Insurance Association
Growing 10%+ a year
Excellent loss ratios
Low market penetration
No consumer brand
Minimal innovation
$REDACTED

6. Not all insurtechs are created equal
Take rate (Rev/GWP)
Loss ratio
Product penetration %
Payback period
Nature of Risk
Path to profitability
Long term outlook
(Industry growth)
Home Insurtech 1 Car Insurtech 2
R
E
D
A
C
T
E
D
Medium term,
high severity
Unproven
Low (1.6% CAGR)
R
E
D
A
C
T
E
D
Long term, high
severity
Unproven
Good (4.5% CAGR)
Travel
R
E
D
A
C
T
E
D
Short term,
low-med severity
Redacted
Excellent (10%+ CAGR)

7. Introducing Faye
Administration
Product Design Distribution Claims
Technology driven ,
full-stack MGA
Payments

8. The only travel insurance to deliver person-first,
proactive and holistic coverage and care
Trip
cancelation
Trip
interruption
COVID - 19
Baggage
loss or delay
Trip delay
Missed
connections
24/7
assistance
Medical
evacuation
Trip
inconveniences
Emergency
medical expenses
Pet care
Rental
car care
Cancel for
any reason
Vacation rental
damage
Adventure &
extreme sports

9. Travel Insurance
as it was meant to be
60 seconds to
get covered
Travel assistance
directly on
the app
File claims
intuitively and
quickly
Excellent modular
coverage worded
for humans
Speedy payments
to the Faye Wallet

10. Going the extra mile -
proactive protection
Active trip
monitoring
COVID-19, flights and
security alerts
Solutions > Money

11. The Faye Wallet
a revolution in claim payments
Approved claims
are paid in seconds
Pay with Faye -
instead of paying
out-of-pocket

12. Go-to-market strategy driven by
three principles
Meet customers across
the entire journey
Build a strong brand that
generates organic sales
and leads to retention
Create a diverse, healthy
mix of revenue channels
Planning
Itinerary
Admin
Preparations
Day of Travel
Booking
Organic
Brand partnerships
Travel Agencies
Embedded Direct

13. Improving profitability per purchase
x xxx
Apr 22’ Dec 22’
For every dollar spent on partner
commissions and ads , we earn
$redacted in net revenue
Demonstrating strong and healthy growth
Monthly growth, $
Apr Dec
In GWP in our
first 9 months
In net revenue /
first 9 months
$XM $YM
Purchase value
(30-day avg.)
$A
Figures Redacted

14. Purchases and policy growth
Apr May Jun Aug
Jul
0
Sep
Purchases
# of Insured Travelers
1.5 Faye travelers per purchase,
will grow higher with the
introduction of the
Faye family plan
Oct Nov Dec
Thousands

15. 94% of our customers
say they will buy their
next coverage with Faye
For the first time, travel insurance
people love, and come back for
Score
4.7
Faye
3.9
Competitor
1.4
Growth from returning customers
Competitor
Voted a must-download
travel app 2022

16. Consumer brand -
customer ownership
and retention
Proactive and
data-driven
Holistic care
Competitive landscape
Traditional insurers
Legacy systems
Not structured for retention
Their main customers
are the distributors
Distributors
Own the customer, take
hefty commissions
When a customer needs
assistance - they are referred to
the insurer
Offer “one size fits all”, bare
bone coverage
Innovators
Israel Parametric
Unbundling Fintech
ancillaries
Mobile-first
“More of the same” - no consumer brand

17. Raising Series A
$10m capital raise | 24-30 months of runway
Milestones: Hundreds of thousands of customers (exact figure redacted). Repeat customers at X%(exact percentage redacted)
Availability in 50 states; Continued ROI improvement per purchase; Family plan; Corporate plan; Pay with Faye; Redacted -
technological capability
Redacted - 2 year budget

18. When you overdeliver in a space
synonymous with doing the opposite,
people notice.
4.7/5 stars on Trustpilot

19. Powering positive adventures worldwide
www.withfaye.com