– Aiming to make the process of structuring and securing reinsurance and large insurance placements simpler and faster
– Lloyd’s-approved London market e-platform.
– Enables underwriters, ceding teams, reinsurance intermediaries and commercial insurance brokers to structure, secure and track complex risk placements quickly by turning data from various formats into visual coverage towers
– Launched a new AI-driven, broker-carrier quoting solution for the commercial and reinsurance industry, I5, in February 2021.
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.
