– A B2B SaaS for insurance carriers, automates claims, digitizes policy distribution, and generates predictive analytics.
– Compensation payments settled in 45mins
– Currently offering parametric air transportation product, launching ground transport, cargo/logistics and weather coverage soon.
– Claims to cut claim admin costs by 90%

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.