2. INVELIS

-- Repair network accross CEE

-- IN house development

-- Helvetia has a stake in the company ( <25%)

-- 10 countries live

-- Data accross many markets

-- focus on the attachement rate

-- Regulation in place in Poland, Sweeden is auditing programs and monitoring LRs.

--Core product is a residual value policy.

Kept policy two years , 30% guaranteed of the Initilal value

In case of accidental damage,

Some damage of the device.

Financial : GAP on the phones.

Residual value high appetite within the TELCOS.

-- 3 C

-- RVG keen on getting new business

-- terms