THE REINSURANCE FUNDING GAP $60-80Tr Longevity Risk 5% YoY growth Traditional reinsurance has only $50Tr 1% market penetration, Lapse Risk lacking the capacity to 3% YoY growth provide solvency relief and liability hedging $10Tr for the immense Excess of Loss market needs, leaving Motor Claims trillions in unfunded 3% YoY growth liabilities $120Tr Structured Settlements 4% YoY growth Proprietary & Confidential