– API tool for brokers to search for eligible carrier markets, and a digital marketing platform for carriers that offers analytics as to what agents and brokers are searching for
– Helps insurers convert legacy and rating classification models to NAICS HD, utilises text descriptions, not numeric codes, for mapping to other legacy classification taxonomies to help with precision

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.