NexusShield Digital Insurance — Appendices

Term Definition GWP Gross Written Premium — Total premium income before reinsurance cession NEP Net Earned Premium — Premium earned after reinsurance and timing adjustments Combined Ratio Loss Ratio + Expense Ratio — below 100% indicates underwriting profit Loss Ratio Net claims…

Section 23 · Business Plan

Appendices

Appendix A: Glossary of Terms

Term	Definition
GWP	Gross Written Premium — Total premium income before reinsurance cession
NEP	Net Earned Premium — Premium earned after reinsurance and timing adjustments
Combined Ratio	Loss Ratio + Expense Ratio — below 100% indicates underwriting profit
Loss Ratio	Net claims incurred divided by net earned premium
Expense Ratio	Operating expenses divided by net earned premium
SAM	Serviceable Addressable Market — the portion of TAM reachable by the Company
SOM	Serviceable Obtainable Market — the realistic market share target
CAC	Customer Acquisition Cost — total cost to acquire a new policyholder
LTV	Lifetime Value — total revenue expected from a customer over the relationship
FSCA	Financial Sector Conduct Authority — South Africa’s market conduct regulator
PA	Prudential Authority — South Africa’s prudential financial regulator (within SARB)
POPIA	Protection of Personal Information Act — South Africa’s data protection legislation
B-BBEE	Broad-Based Black Economic Empowerment — South Africa’s transformation framework
IFRS 17	International Financial Reporting Standard for Insurance Contracts
King IV	King IV Report on Corporate Governance for South Africa (2016)

Appendix B: Contact Information

Company: NexusShield Digital Insurance (Pty) Ltd

Address: Sandton City Office Tower, Sandton,
Johannesburg, 2196, South Africa

CEO: Adrian Van Heerden

Email: investors@nexusshield.co.za

Website: www.nexusshield.co.za

Registration No: 2026/XXXXXX/07

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