– Mileage based auto insurance, monthly subscription with a telematics device
– Offers a smart platform which helps to improve driving habits, offers special benefits/rewards, car geolocator and an SOS button in case of accident, theft or need for assistance

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.