2- Bolttech - Monaco Telecom

-- EPI 1m

• Solution beginning of November,
• transfer the customer base.
• Migration of existing customer base . 1 Jan all customers move to the new insurers (
• No - opt in from customer base
• Key - opt out ? is this considered as a customer based migration that has to be approved by the ACPR ( try to avoid)
• They get a legal opinion by local lawyer.
• group insurance contract, policy holder , beneficiaries.

Wakam agreeemnt:

1. 80% UW profit after 6% MEX.
2. CR running around 20%