Risk Management. Transformed.

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1 Risk Management. Transformed. DMGT INVESTOR BRIEFING Hemant Shah, CEO Mike Pritula, President and Head of Client Development Mohsen Rahnama, Chief Modeling Officer, General Manager (Models and Data Science) Eric Yau, General Manager (Platform and Software) 1 February 2018 Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 1

3 Insurers are driving transformation by digitizing risk The risk digitalization process Market leaders are investing to leverage analytics to identify and pursue new market opportunities Strategic Innovation Data and Modeling Science Market leaders are investing in data and modeling science to quantify all aspects of their customers and their risks The rate of change is accelerating Greater velocity Greater granularity Greater volume of data Operational Agility Market leaders are investing to automate and scale their underwriting and portfolio management processes to operationalize analytics for profitable growth Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 3

Our addressable market is expanding, driven by digitalization Our addressable market is expanding to reach $2B+, as we... extend existing perils to new use cases,.

4 Our addressable market is expanding, driven by digitalization Our addressable market is expanding to reach $2B+, as we... extend existing perils to new use cases,...model new perils, geographies or lines Perils Geographies Risk domains Business Lines Emerging Risks Business Application Risk modeling Portfolio reporting Underwriting Event response and claims Solutions Proprietary models Data Platform & standards Software & services Data science & analytics offer broader solutions to meet clients business needs Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 4

RMS is uniquely positioned for growth at intersection of markets, digitalization, data science and technology RMS at a glance

leadership Over 400 financial institutions, corporations and government agencies rely on RMS as the industry's most trusted

10 of the top 10 of the top 10 US P&C commercial insurance providers Global reinsurance brokers 7 US P&C primary Insurance

countries Deep bench of talent at intersection of data science, technology and risk/insurance domain - hundreds of modelers,

managing agents FY17 performance Global reinsurance companies Bermuda insurance and reinsurance market $296M +2% 97% 96% $42M

5 RMS is uniquely positioned for growth at intersection of markets, digitalization, data science and technology RMS at a glance Global leadership with longterm relationships throughout the risk and insurance vertical Client relationship and market leadership Over 400 financial institutions, corporations and government agencies rely on RMS as the industry's most trusted scientific view of catastrophe risk Data analytics and services embedded within core (re)insurance processes 9 9 of the top 10 of the top 10 of the top 10 US P&C commercial insurance providers Global reinsurance brokers 7 US P&C primary Insurance companies 9 of the top 10 Global ILS funds Superior modeling, data science and technology covering 14 perils and 100+ countries Deep bench of talent at intersection of data science, technology and risk/insurance domain - hundreds of modelers, data scientists and software engineers recruited from leading institutions % of all of the top 40 % of the Lloyd s managing agents FY17 performance Global reinsurance companies Bermuda insurance and reinsurance market $296M +2% 97% 96% $42M Revenue Y-o-Y Growth Renewal Rate Subscription Operating Profit Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 5

Our strategy is well aligned with market demand Digital transformation of global insurance industry 2 Expanding into new risk domains with analytics and data 3 Implementing software and services to

6 Our strategy is well aligned with market demand Digital transformation of global insurance industry 2 Expanding into new risk domains with analytics and data 3 Implementing software and services to scale risk management workflows, driving efficiency and agility 1 Unifying leadership in the CAT modeling market with models for new perils and geographies 4 Extending solutions to new use-cases and users across the enterprise RMS(one) as an open and comprehensive risk platform enables and unifies our strategy Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 6

RMS has expanded its global leadership We compete by offering the highest-quality models with comprehensive global coverage 240+ models 100+ data solutions 14 perils 100+ countries over the last two

8 RMS has expanded its global leadership We compete by offering the highest-quality models with comprehensive global coverage 240+ models 100+ data solutions 14 perils 100+ countries over the last two years, we significantly enhanced our IP to further extend our technical leadership Models and data for all major natural perils with comprehensive coverage throughout the world Rigorous methodologies support both account-level and portfolio analytics, with consistency Enable clients to own their view of risk with un-matched validation services and transparency Rapidly expanded suite of HD models providing unprecedented resolution and analytic fidelity Highest quality event-response services in 2017, a record for industry catastrophe losses Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved. More detail on RMS model coverage provided in Appendix on slide DMGT 8

CA wildfires and the Houston flood drive new market demand 1 Unifying leadership in the CAT modeling market with models for new

analytics now must-have information for re/insurers Existing solutions are not adequate RMS HD models and data developed with

portfolio loss US Flood RMS will release first HD flood models and data for the US market in spring 2018 Expanding coverage for

comprehensively model inland flood, including explicit correlation to hurricane risk, so as to accurately represent impacts

9 CA wildfires and the Houston flood drive new market demand 1 Unifying leadership in the CAT modeling market with models for new perils and geographies NA Wildfire RMS will release first HD Wildfire models and data for North America in summer 2018 Wildfire analytics now must-have information for re/insurers Existing solutions are not adequate RMS HD models and data developed with consortium of leading re/insurers to deliver high-resolution data science for underwriting and realistic representation of portfolio loss US Flood RMS will release first HD flood models and data for the US market in spring 2018 Expanding coverage for US flood - a significant opportunity for the market s growth Existing solutions are not adequate RMS HD models will be first to comprehensively model inland flood, including explicit correlation to hurricane risk, so as to accurately represent impacts such as the flooding of Houston with Hurricane Harvey Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 9

Cyber and other lines open new opportunities for growth 2 Expanding into new risk domains with analytics and data Cyber Risk RMS delivering solutions for a rapidly growing cyber insurance market 20

0 of its cyber risk solutions in 2018 Multi-line Data Schema to serve as open data standards for modeling all lines of business Initiative in collaboration with 15 leading insurers, reinsurers and

10 Cyber and other lines open new opportunities for growth 2 Expanding into new risk domains with analytics and data Cyber Risk RMS delivering solutions for a rapidly growing cyber insurance market 20 insurers, reinsurance and brokers now license RMS cyber data and models RMS developed cyber data standards with 8 leading re/insurers and Cambridge Risk Centre RMS will release v3.0 of its cyber risk solutions in 2018 Multi-line Data Schema to serve as open data standards for modeling all lines of business Initiative in collaboration with 15 leading insurers, reinsurers and brokers, with Cambridge Centre for Risk Studies serving as the data secretariat The data schema will be implemented on the RMS(one) platform The data schema will enable accumulation and risk analytics to be implemented for new lines of business, with an initial focus on lines such as Casualty, Energy, Specialty, Credit & Surety and Agriculture *Cyber Accumulation Management System Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 10

12 RMS(one) delivery is on track Full platform deployment Early client implementations Broad client adoption Risk Modeler v1.0 Risk Modeler v Risk Modeler v2.0 April 2017 Exceedance 2018 Full platform deployed to cloud Deep collaboration during client implementations First new HD model built natively on the platform (US Flood) Big Data scale with efficient decision making workflow Agile product design and development Expansion of targeted use cases and workflows Technical scalability and platform architecture validation with early clients Feature and functionality releases to support key client use cases and workflows Mobilizing for broad client adoption Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 12

RMS(one) an open, big data and analytics

cost-effective manner Big-data store and

Analytics-driven orchestration across key

data across exposures, contracts and models

13 RMS(one) is the only orchestrated risk management platform for the insurance industry RMS(one) an open, big data and analytics platform, purpose-built for the insurance industry, that delivers a timely and consistent view of risk across all users in a cost-effective manner Big-data store and enterprise-scale cloud computing Analytics-driven orchestration across key workflows Unified and open framework for risk data across exposures, contracts and models Service-oriented architecture with APIs 1 and platform extensions Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved. 1 Application programming interface (API) 2018 DMGT 13

14 B U S I N E S S U S E R S Delivering analytics at the point of impact RMS(one) demonstration A single environment that delivers prescriptive guided analysis integrating multiple analytic types Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 14

R I S K M O D E L E R A N D A N A L Y S T Transforming the risk modeling workflow RMS(one) demonstration MANAGE EXPOSURES 1.

RESIDENTIAL, COMMERCIAL REGIONS TIER 1, TIER 2 STATES TEXAS, LOUISIANA, MISSISSIPPI, ALABAMA, FLORIDA 70 BREAKOUTS 31 GROUPS MULTI YEAR COMPARISONS

15 R I S K M O D E L E R A N D A N A L Y S T Transforming the risk modeling workflow RMS(one) demonstration MANAGE EXPOSURES RESULT SETS TERABYTES Delivering deeper loss insights and automation to enable superior profitability and smarter capital utilization LoB RESIDENTIAL, COMMERCIAL REGIONS TIER 1, TIER 2 STATES TEXAS, LOUISIANA, MISSISSIPPI, ALABAMA, FLORIDA 70 BREAKOUTS 31 GROUPS MULTI YEAR COMPARISONS PERILS MODELED HURRICANE W/ AND W/O STORM SURGE, SEVERE CONVECTIVE STORM, EARTHQUAKE Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 15

16 R I S K M O D E L E R A N D A N A L Y S T Transforming the risk modeling workflow RMS(one) demonstration Delivering deeper loss insights and automation to enable superior profitability and smarter capital utilization Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 16

17 R I S K M O D E L E R A N D A N A L Y S T Transforming the risk modeling workflow RMS(one) demonstration Delivering deeper loss insights and automation to enable superior profitability and smarter capital utilization Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 17

18 R I S K M O D E L E R A N D A N A L Y S T Transforming the risk modeling workflow RMS(one) demonstration Delivering deeper loss insights and automation to enable superior profitability and smarter capital utilization Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 18

RMS is transforming the risk modeling function and provides more use cases to more users 3 Implementing software and services to scale risk management workflows 4 Extending solutions to new

management DATA MANAGEMENT Flexible data model to store, process and manage all types of data UNDERWRITING Expansion beyond the back office CAT modeler / analyst Flexible and granular

operational burden Robust suite of reporting options, in-built data queries and best practices to provide risk analysts rapid access to an array of powerful analytical tools PORTFOLIO

19 RMS is transforming the risk modeling function and provides more use cases to more users 3 Implementing software and services to scale risk management workflows 4 Extending solutions to new use-cases and users across the enterprise Drive efficiency, scalability and agility in risk management processes Bring analytical insights to key parts of the business well beyond CAT management DATA MANAGEMENT Flexible data model to store, process and manage all types of data UNDERWRITING Expansion beyond the back office CAT modeler / analyst Flexible and granular interface / dashboard powered by RMS(one) to improve front-line decision makers risk selection and pricing RISK MODELING ANALYSIS AND REPORTING Optimized workflows and orchestration minimize operational burden Robust suite of reporting options, in-built data queries and best practices to provide risk analysts rapid access to an array of powerful analytical tools PORTFOLIO MANAGEMENT RMS(one) redefines the portfolio management process to deliver more dynamic scenario analysis and improved capacity management Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 19

RMS priorities for Performance Improvement

demonstrated business impact Converge and

product portfolio ROI-driven prioritization to

transformation Align entire organization and

21 RMS priorities for Performance Improvement Product Commercial Technology Operations People Deliver RMS(one) v2.0 and scale deployment and migration Strengthen and elevate solution-selling against clients strategic priorities with demonstrated business impact Converge and simplify development and delivery across the product portfolio ROI-driven prioritization to drive profitable growth from industry transformation Align entire organization and culture around clients success Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 21

Our strategy is well aligned with market transformation Digital transformation of global insurance industry 2 Expanding into new risk domains with analytics and data 3 Implementing software and

22 Our strategy is well aligned with market transformation Digital transformation of global insurance industry 2 Expanding into new risk domains with analytics and data 3 Implementing software and services to scale risk management workflows, driving efficiency and agility 1 Unifying leadership in the CAT modeling market with models for new perils and geographies 4 Extending solutions to new use-cases and users across the enterprise RMS(one) as an open and comprehensive risk platform enables and unifies our strategy Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 22

RMS has expanded its global leadership We build high-quality,

240+ models, 100+ data solutions, 14 perils, 100+ countries

WILDFIRE H WIND EARTHQUAKE TROPICAL CYCLONE SEVERE CONVECTIVE

FLOOD EARTHQUAKE TROPICAL CYCLONE SEVERE CONVECTIVE STORM FLOOD

TERRORISM WINTER STORM TSUNAMI MARINE CARGO TERRORISM WINTER

LIFERISKS AGRICULTURE WINDSTORM CYBER LIFERISKS AGRICULTURE FY18

25 RMS has expanded its global leadership We build high-quality, transparent models that provide comprehensive global coverage 240+ models, 100+ data solutions, 14 perils, 100+ countries Americas Europe APAC & RoW WILDFIRE H WIND WILDFIRE H WIND WILDFIRE H WIND EARTHQUAKE TROPICAL CYCLONE SEVERE CONVECTIVE STORM FLOOD EARTHQUAKE TROPICAL CYCLONE SEVERE CONVECTIVE STORM FLOOD EARTHQUAKE TROPICAL CYCLONE SEVERE CONVECTIVE STORM FLOOD TSUNAMI MARINE CARGO TERRORISM WINTER STORM TSUNAMI MARINE CARGO TERRORISM WINTER STORM TSUNAMI MARINE CARGO TERRORISM WINTER STORM WINDSTORM CYBER LIFERISKS AGRICULTURE WINDSTORM CYBER LIFERISKS AGRICULTURE WINDSTORM CYBER LIFERISKS AGRICULTURE FY18 COVERAGE Copyright 2018 Risk Management Solutions, Inc. All Rights Reserved DMGT 25