– Processes images and data to help insurers automate the auto claims adjudication process and manage costs.
– Uses machine vision which is designed to improve over time to analyse damaged vehicles in auto insurance claims and provides claims costs estimates without human intervention.
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.
