– Insurance Securities Marketplace.
– Deploys proprietary software and data analytics covering many types of insurance risk portfolios. The technology enables insurers to securitise risk more efficiently while providing investors, asset managers, pension funds, hedge funds, family offices, and other institutions an opportunity to invest in a new and growing asset class.
– Offers MGAs and brokers a way to more directly access licensed insurers and capital, while it offers insurers a more direct route to access flexible, lower-cost, off-balance sheet capital in ILS form.

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.