HONG KONG- Media OutReach - 11September 2019 - Galileo PlatformsLimited (Galileo Platforms), an insurance technology company using blockchainto revolutionise the sector, today announced the appointment of Simon Copley tothe Board of Directors as an independent director.

Mr. Copley is the first independent director tojoin the Galileo Platforms board. Based in Hong Kong, his appointment tookeffect 1^st August 2019. 

The appointment represents a significant stepforward for Galileo Platforms, a business-to-business operation, as it readiesfor fresh funding and a pending product launch. The move also ties in with thecompany strategy to expand the use of blockchain across more sectors of theinsurance industry and in a greater number of markets, partnering withchallenger insurers, incumbent insurers, distributors and reinsurers.

"Wewelcome Simon to the board," said Galileo Platforms CEO Mark Wales. "He bringsa wealth of very valuable industry experience both in Hong Kong and across AsiaPacific. We see him playing an important role as we push into new markets andexpand our product portfolio."

From the UK originally, Mr. Copley worked formore than 30 years advising many of the leading financial services groups inEurope and Asia, mostly on insurance, risk management, banking and capitalmarkets. His experience extends to providing counsel on IPOs. During 21 yearsas a partner at PwC in Hong Kong, he led the firm's regional insurance industrypractice in what was a period of huge sector growth and transformation in theregion.

Chair of Galileo Platforms Annette Kingcommented: "Simon will bring additional experience and oversight to ourgovernance and business expansion, which is important given the rapid growth ofour business. This knowledge is obviously transferable to our productdevelopment and marketing, which is very important too."

Mr. Copley joins Ms. King and Mr. Wales, whoco-founded Galileo Platforms in 2016, on the company's Board of Directors.

Galileo Platforms currently serves the propertyand casualty, health insurance and life insurance market. Using blockchain, it restructuresthe way insurance is designed, distributed and managed, offering a secureplatform that reduces IT costs and eliminates high-cost, low-value componentsin the insurance distribution chain. It provides the tools for client centred,agile design of insurance products, including real-time transactions forpurchasing and claims, on-demand insurance and micro-duration insuranceinnovations.

About Galileo Platforms Limited

GalileoPlatforms is a technology company serving the insurance sector (www.galileoplatforms.com).Using blockchain technology, Galileo Platforms connects participants in theinsurance ecosystem, enabling them to deliver revolutionised client experienceand reducing costs. It takes much of the functionality typically found inlegacy policy administration systems and encodes it in smart contracts in ablockchain. This mutualises the policy administration function, creating newopportunities for insurance. Galileo Platforms enables the insurance of tomorrow.