– Personalised life insurance advice abd coverage calculator in 5 mins
– Advised 26% of users they don’t need it to battle trend of over selling
– Launched a new digital life insurance product in March 2021. The new product leverages an algorithmic underwriting engine to determine risk, and is able to provide users with an approval within 20 minutes.

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.