– A digital platform based on automation and machine learning that allows detecting, preventing, mitigating and managing fraudulent transactions in the underwriting and claims processes
– Risk based scoring and Alerts based on machine learning techniques, business rules engine, external source analysis, historical data, and relationships between actors
– Recently launched Smart Inspection, which uses deep learning for automatic vehicle inspections
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.
