– Parametric insurance, initially started by selling weather insurance to small African farmers. Sold 30k policies through agents.
– Featured product CropAssure is tailored to help almond growers protect against weather risk from frost and excess rain events.
– Have since expanded to sell around the world.

Novee AI Raises £1.6M to Build Intelligence Layer for Commercial and Specialty Underwriting
Novee AI, a London-based insurtech startup, has secured £1.6 million in pre-seed funding to develop its AI-powered risk assessment platform for commercial and specialty insurance. The round was led by early-stage B2B SaaS investor 42Cap, with additional backing from Insurtech Gateway, a prominent investor in insurance technology.