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Working with Generation Rent

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Presentation on theme: "Working with Generation Rent"— Presentation transcript:

1 Working with Generation Rent

2 Property Rental Marketplace
Problem Property Rental Marketplace Agents Landlords Renters £380m Cost £4bn Letting Fees Ban Regulation Cash Deposits Inefficient £53,000 on rent before age of 30

3 Deposit Replacement Insurance
Solution – INSURANCE made HUMAN Deposit Replacement Insurance Policy Profile Quote

4 From FEAR to TRUST Solution – Agents & Landlords Approved Insured
Policy

5 From FEAR to TRUST Development Roadmap: Q2-Q4 Identity Rating
Insurance Blockchain A.I – IoT Underwriting

6 Deposit Insurance as a benefit to employees
Distribution Go-to-Market Strategy Landlords Aggregators Corporates Deposit Insurance as a benefit to employees

7 Differentiators Competitive Advantage Micro Insurance
Landlord incentive Agent Incentive Mobile Experian Employer Incentive

8 Monetisation Business Model 5.4m c£500m
25% commission on each policy sold from HISCOX 40% - 55% profit commission from HISCOX Platform admin fees paid by a Renter Revenue We share a % of our revenue with property partners 5.4m c£500m Renting Households (Private) Total Addressable Market (U.K) Gross Written Premium Residential

9 The Zero Deposit Scheme
Competition Market Insurance as a Service Non-Scalable Scalable The Zero Deposit Scheme (Zoopla) Insurance as a Product

10 Our Journey SEP 2015 FEB 2016 Dec 2016 Partners MAR 2017
Tahir’s younger brother has a hard time renting a property in London SEP 2015 InsureStreet is established to simplify tenant referencing and deposits FEB 2016 BETA Launch Dec 2016 Partners MAR 2017 Commercial launch

11 Chief Marketing Officer
Team Working with Generation Rent Vin Murria Chairwoman Tahir Founder & CEO Rakesh Chief Marketing Officer Maciej Lead Developer James Principal

12 Insurance made Human

13 Executive Summary KICKSTART Opportunity InsureStreet Execution
Renters are a growing demographic, globally Millennials – smart phone nerve centre for all products and services $300bn in global revenues from sharing economy £4bn locked away in structurally inefficient cash deposits (U.K.) £500m premiums market in UK alone RentPassportTM – Living and breathing Renter profile that attaches to your Reputation and Credit score Insurance - cash deposits replaced with a one-off insurance policy Payments – In-app rental payments for the sharing economy which improves credit score – U.K first in exclusive partnership with Experian FCA regulated MGA Insurance partner - HISCOX UK Key Partnerships (Q2-Q4) Countrywide, Quintain, Essential Living, Urban Spaces) and Rightmove (early stage discussion) Europe: OP Bank – launch in Finland Q2-Q3 (paid deployment). In discussions with a leading German provider for Q4-17 entry into Europe’s biggest Rental economy Angel round: £480k (2016) Current Round: £1.75m (May 2017) impact investors Series-A: 2018

14 Trust based Rental Ecosystem
insurestreet.co GENERATION RENT Trust based Rental Ecosystem


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