– Employee benefits for startups and small businesses, five min setup
– guides employers through picking a contribution amount (offering a comparison to health plan prices in their area) and manages paperwork, compliance, and payroll adjustments. Provides employees with an in-app marketplace and access to brokers.
– Provides a new way to offer health benefits due to new regulation that went into effect on Jan 1, 2020 – the Individual Coverage Health Reimbursement Arrangement (ICHRA).
– Earns revenue from flat per-head administrative fees.
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.
