– An AI-powered, patent-pending auto claims management platform. Its ‘Genius Suite’ uses image analysis and predictive analytics to provide damage estimates within 15 seconds
– Can be integrated within an insurer’s app and workflow via an API
– Carriers can elect to automatically settle claims of a customisable low severity level, enabling the claimant to receive payment in minutes
– Also offers automated vehicle pre-inspections, which enables insurers to decide upon the insurability of new vehicles
– Has stated it plans to integrate telematics data to help further improve the accuracy of its AI’s predictions
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.
