1. Resolution Insurance Brokers Employee Benefits

2. Resolution Insurance Brokers Georgia established April 2011. Regulated by National Bank of Georgia. Registered insurance and reinsurance broker. Resolution

3. Comprehensive insurance and reinsurance protection Direct and Reinsurance. All classes. Focus on complex corporate accounts Trademark customer service Regional partners: Willis, JLT, Arthur J Gallagher. Market position: premier niche within the local and international insurance communities Resolution

4. Employee benefits Georgia

5. State Benefits Pension, Retirement benefits: General retirement age is 60 for females and 65 for males with some dispensation for “hazardous” occupations. Government focused on pension reform. minimum pension = 100 GEL (USD 60) State pension; from 09/11 minimum pension = 100 GEL (USD 60) Disability pension: from 70 - 80 GEL. Disability pension: from 70 - 80 GEL. Average monthly salary: GEL 762.48 = USD 461 (male) + GEL 438.77 = USD 265.92 (female). Planned average annual salary increases = 10% for the next 5 years. Contribution Rate to Mandatory Retirement Savings = 7.5% of salary/wage.

6. State Benefits Cash benefit payable for Maternity, Childcare and Adoption Leave paid for 126 days, maximum amount GEL 600 (USD 363.63) Cash benefit payable for Maternity, Childcare and Adoption Leave paid for 126 days, maximum amount GEL 600 (USD 363.63) Death benefit: A lump sum death benefit (in case of pension insurance = the accrued fund) to be paid to employee’s beneficiaries. Largely effects Public sector servants. In case of death of a bread-winner, Georgian citizens under the age of 18 apply for the Survivor’s pension, fixed at GEL 55 (USD33.33). In case of death of a bread-winner, Georgian citizens under the age of 18 apply for the Survivor’s pension, fixed at GEL 55 (USD33.33). Disability benefit: should be paid in accordance with the Employment contract.

7. International companies and enlightened Georgian employers are increasingly offering enhanced EB packages, including: Medical, Personal Accident and Critical Illness insurance coverage. Medical, Personal Accident and Critical Illness insurance coverage. Life Insurance, either from domestic or offshore insurers. Life Insurance, either from domestic or offshore insurers. Staff pension programmes. Staff pension programmes. Government is currently reviewing EB, including Private Pension legislation. We expect some movement by 2014. Employee benefits

8. Voluntary Employee benefits

9. Life, Medical, Personal Accident and Critical Illness insurance coverage is available from local Georgian insurers. Terms, conditions and prices vary between providers, while Life insurance is often dependent on variable offshore reinsurance arrangements. In addition, in 2014 Resolution is launching targeted ex pat Medical programmes from international providers. Voluntary Staff pension programmes are available in Georgia. Employee Benefits

10. Standard Medical Insurance includes: 24 hour helpline 24 hour helpline Annual check ups Annual check ups Inpatient / outpatient Inpatient / outpatient Prescribed medicines Prescribed medicines Alternative treatments Alternative treatments Price factors: age, occupation, co payment, coinsurance, underwriting record, volume. Employee Benefits

11. Critical Illness: Cancer Cancer Coronary bypass Coronary bypass Heart attack Heart attack Kidney failure Kidney failure Stroke Stroke Aorta surgery Aorta surgery Heart valve replacement Heart valve replacement Blindness Blindness Major organ transplant Major organ transplant Multiple sclerosis Multiple sclerosis Paralysis Paralysis More illnesses can be added Employee Benefits

12. Critical Illness: Pays 50% of sum insured on diagnosis + 50% after a survival period or, if placed offshore in conjunction with Life insurance, 50% of Life sum insured on diagnosis with no reduction in total Life Benefit. Price factors: age, co payment, coinsurance, underwriting record, volume. Sold with Personal Accident Employee Benefits

13. Personal Accident coverage: Accidental death Temporary disability Permanent disability. Sum insured: multiple of salary / earnings. Pays out following an accident that prevents the insured from earning. Price factors: Occupation, underwriting record, volume. Employee Benefits

14. Georgian Insurance Market Insurance Companies competing for EB: Aldagi BCI Ardi IC Group IRAO GPI Holding UNISON

15. Broker advantage: Professional skill - we do this for a living Market knowledge and experience We work for the client, not the insurer Ensures a bespoke, tailored solution for each client Client advantage: Enhanced coverage Reduced costs Improved reporting, data analysis. Risk management and cost planning Employee Benefits