– A platform for the daily trading of insurance liabilities embedded in a Bermuda domiciled, licensed reinsurer
– Allows insurers to transfer liabilities stuck on their balance sheets, but also provides institutional investors with a new class of security that can offer a different source of returns, enabling an alleviation of the protection gap which prevents much of the world from obtaining and gaining the benefits of insurance
– Patented Liquid Insurance Contract risk allocation platform
– Previously worked with Nasdaq
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.
