Media release: Helvetia Venture Fund invests in prop tech Immoledo

Media release

St.Gallen, 19 December 2018

Helvetia Venture Fund invests in prop tech Immoledo

The Helvetia Venture Fund is investing in the prop tech Immoledo. The start-up based in Thurgau makes it easier to analyse the status of buildings. On this basis, Immoledo also offers other services such as investment planning and portfolio analyses. Helvetia Insurance and Immoledo are planning to collaborate.

The Helvetia Venture Fund is investing in Immoledo, a prop tech based in Thurgau, which digitised and thus enormously simplified the analysis of the status of buildings. Without needing to involve an expensive expert, Immoledo enables an individual analysis of a building's structural fabric and the creation of the related investment plan. Immoledo determines the best time for renovating the building and calculates the corresponding investment costs, broken down by structural elements. The building status can be projected dynamically during the utilisation phases of the building, making it possible to determine when the different building components should ideally be replaced.

A status analysis provides the foundation for professional real estate management and is needed by owners, real estate managers, banks and insurance companies. Immoledo's solution is substantially faster than conventional methods and cuts the time needed for the analysis by up to 80 percent.

The analysis results for individual buildings can be aggregated across an entire real estate portfolio and compared to centrally stored values. This makes it possible to continuously monitor and assess the quality of the entire portfolio. These results are also an important tool for high-quality and professional real estate management. The building information provided by the status analysis module is supplemented by locational information provided by PriceHubble. Immoledo can be used for investment properties as well as owner-occupied residential properties.

Operational collaboration planned with Helvetia

"Immoledo is another component in the 'Home' ecosystem which Helvetia is building around MoneyPark," says Martin Tschopp, Head of Corporate Development with responsibility for the Helvetia Venture Fund. Operational collaboration is also planned between the start-up and Real Estate Management. "We see great potential in Immoledo and are reviewing the options it offers to simplify the status analysis of our properties," explains Ralph Honegger, Chief Investment Officer and member of the Helvetia Group's Executive Management. Its use in building insurance is also being considered, for example to determine the building's status before an insurance policy is issued. "We're delighted to have found not only an investor but also a partner for the further development of our young business in Helvetia," says Christian G. Brunner, CEO and founder of Immoledo.

This media release is also available on our website www.helvetia.com/media.

For further information please contact:

Analysts Helvetia Group Susanne Tengler Head of Investor Relations Dufourstrasse 40 CH-9001 St.Gallen Phone: [phone] [e-mail] www.helvetia.com

Media Helvetia Group Jonas Grossniklaus Media Relations Manager St. Alban-Anlage 26 CH-4002 Basel Phone: [phone] [e-mail] www.helvetia.com

About Helvetia Venture Fund

The Helvetia Venture Fund invests in start-ups from the insurtech segment and in young companies whose business models provide a link to or support Helvetia's insurance business. The fund is a subsidiary of Helvetia Swiss Insurance Company Ltd and is domiciled in Luxembourg. It focusses on start-ups from throughout Europe and places an emphasis on those countries in which Helvetia operates, namely Switzerland as well as Germany, France, Italy, Austria and Spain. The total volume stands at CHF 55 million.

www.helvetia.vc

About the Helvetia Group

In 160 years, the Helvetia Group has grown from a number of Swiss and foreign insurance companies into a successful international insurance group. Today, Helvetia has subsidiaries in its home market Switzerland as well as in the countries that make up the Europe market area: Germany, Italy, Austria and Spain. With its Specialty Markets market area, Helvetia is also present in France and in selected regions worldwide. Some of its investment and financing activities are managed through subsidiaries and fund companies in Luxembourg. The Group is headquartered in St.Gallen, Switzerland.

Helvetia is active in the life and non-life business, and also offers customised specialty lines and reinsurance cover. Its business activities focus on retail customers as well as small and medium-sized companies and larger corporates. With some 6,600 employees, the company provides services to more than 5 million customers. With a business volume of CHF 8.64 billion, Helvetia generated underlying earnings of CHF 502.4 million in the 2017 financial year. The registered shares of Helvetia Holding are traded on the SIX Swiss Exchange under the symbol HELN.

Cautionary note

This document was prepared by Helvetia Group and may not be copied, altered, offered, sold or otherwise distributed to any other person by any recipient without the consent of Helvetia Group. The German version of this document is decisive and binding. Versions of the document in other languages are made available purely for information purposes. Although all reasonable effort has been made to ensure that the facts stated herein are correct and the opinions contained herein are fair and reasonable, where any information and statistics are quoted from any external source such information or statistics should not be interpreted as having been adopted or endorsed as accurate by Helvetia Group. Neither Helvetia Group nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this information. The facts and information contained in this document are as up to date as is reasonably possible but may be subject to revision in the future. Neither Helvetia Group nor any of its directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document.

This document may contain projections or other forward-looking statements related to Helvetia Group which by their very nature involve inherent risks and uncertainties, both general and specific, and there is a risk that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include: (1) changes in general economic conditions, in particular in the markets in which we operate; (2) the performance of financial markets; (3) changes in interest rates; (4) changes in currency exchange rates; (5) changes in laws and regulations, including accounting policies or practices; (6) risks associated with implementing our business strategies; (7) the frequency, magnitude and general development of insured events; (8) mortality and morbidity rates; (9) policy renewal and lapse rates as well as (10), the realisation of economies of scale as well as synergies. We caution you that the foregoing list of important factors is not exhaustive; when evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties. All forward-looking statements are based on information available to Helvetia Group on the date of its publication and Helvetia Group assumes no obligation to update such statements unless otherwise required by applicable law.

Media release (pdf)

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