Novee’s mission is to tackle the long-standing inefficiencies faced by commercial and specialty underwriters, who currently spend around 50% of their time reviewing and assessing information across complex broker submissions. These manual processes limit their capacity to write new business and are further strained during month-end firm order processing, when entire days are lost to low-value administrative tasks.
Founded by Haris Khan (CEO) and Arved Pohlabeln (CPO) – both former Associate Directors at Deloitte – and joined by Ehsan Ziya (CTO), a former Staff Software Engineer at Tractable, the Novee team brings deep expertise in AI, data, and insurance transformation. Drawing on their experience consulting and building AI systems, the trio designed Novee as an underwriter-centric solution that addresses risk complexity with a fundamentally new approach.
Unlike traditional platforms, Novee uses large language models (LLMs) and Agentic AI to understand full submissions regardless of format. It applies each underwriter’s unique risk logic – captured in natural language and updated in real time – and surfaces contextual insights directly within workflows. The platform integrates seamlessly with existing systems, automates repetitive tasks, and provides real-time analytics across pipeline and portfolio data.
“Commercial and specialty underwriting is under immense pressure – from tighter market conditions to increased regulatory demands and the impending retirement of experienced talent,” said Haris Khan, CEO and co-founder of Novee. “Novee gives insurers the speed, clarity, and control they need to assess complex risks with confidence. With this funding, we’ll accelerate product development, expand across additional lines of business, and deepen our partnerships with leading insurers.”
Novee is already being piloted by two major London Market insurers across Terrorism, Property, and Energy lines. Additional trials with other insurers and MGAs are currently underway.
Julian von Fischer, General Partner at 42Cap, said: “Haris, Arved, and Ehsan are spearheading a pivotal AI paradigm shift in the insurance sector. Novee goes beyond digitization – it empowers underwriters to scale capabilities, improve service, and boost profitability. We’re proud to support their journey.”
Dom Nolan, Investment Manager at Insurtech Gateway, added: “Most vendors fail to capture the full complexity of underwriting decisions. Novee systematically embeds underwriter expertise, delivering value in just weeks. We’re excited to partner with this team as they redefine how risk is assessed.”
With its intelligent underwriting layer, Novee aims to drive faster decision-making, better risk selection, and sustainable growth for insurers navigating an increasingly complex and competitive market.
