– A provider of proprietary AI/ML algorithms to predict when Life Events may occur (inc chronic illness), what they could be, and how much of a financial impact it would make.
– Based on over 320 million data elements this proprietary data set consists of Health and Wealth Life Event data, analytics, expenses, and predictive modeling for banks, financial services, and insurance companies.
– Insights into match next best action by their targeted group, life stage, and life events
– Launches a Covid comorbidity prediction tool in 2020 based on over 8.4m records and 697m data points.
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.
