2020

28.05.2020 – Helvetia Holding AG

Helvetia Venture Fund invests in Swiss TrustTech company Skribble

Media release

St. Gallen, 28 May 2020

Helvetia Venture Fund invests in Swiss TrustTech company Skribble

The Helvetia Venture Fund is participating in the current investment round for Swiss TrustTech company Skribble. The company enables electronic signatures that are legally binding in Switzerland and the EU. Helvetia Insurance has been collaborating with Skribble since late 2019.

The Helvetia Venture Fund has taken a stake in Skribble, a Zurich start-up. Skribble enables its customers to make legally binding electronic signatures valid under Swiss and EU law. As part of its e-signature product, Skribble offers a fully digital identity verification process by bringing together e-IDs from e-ID providers and brokers across Europe. The TrustTech company focuses on signature-intensive sectors, particularly financial services, insurance, property, legal services, human resources and public sector functions. Among Skribble's customers are Wincasa, Kellerhals Carrard, easyJet and the Canton of Fribourg. With the funds raised in the current investment round, Skribble plans to concentrate on expanding its European market activities and integrating other e-ID providers into its own service.

Already in use at Helvetia

In late 2019, Helvetia decided to start using Skribble's services. By early May, it had implemented its first use case, enabling the first customers in the area of occupational benefits to sign documents electronically. The underlying process was digitalised end-to-end. Further fields of application will follow. "At Helvetia, we require 'wet' signatures in many areas; in life insurance, for example, but also in internal processes. With Skribble, we are able to completely digitalise these processes", explains Martin Tschopp, Chief Customer Officer of Helvetia Switzerland. Philipp Dick, CEO and founder of Skribble: "Helvetia and Skribble both stand for trust, security and high-quality services. So I'm very glad to see the Helvetia Venture Fund investing in Skribble."

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

For further information please contact:

Analysts

Susanne Tengler

Head of Investor Relations

Phone: +41 58 280 57 79

investor.relations@helvetia.ch

Media

Jonas Grossniklaus

Senior Manager Corporate Communications & PR

Phone: +41 58 280 50 33

media.relations@helvetia.ch

About Skribble

The TrustTech company Skribble, founded in March 2018, is the Swiss provider of electronic signatures, with offices in Zurich (Switzerland) and Karlsruhe (Germany). As a one-stop shop for electronic signing, Skribble provides the right legal electronic signature for every type of contract. Its services are based on legally mandated standards, including the qualified electronic signature (QES) – the only form of electronic signature that is legally equivalent to a handwritten signature. Swisscom provides the state-approved certification technology for the QES. Skribble has a staff of 19.

www.skribble.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 over 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 6,800 employees, the company provides services to more than 5 million customers. With a business volume of CHF 9.45 billion, Helvetia generated an IFRS result after tax of CHF 538.1 million in financial year 2019. 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.


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