– Provides proprietary location-based crash risk scores proven to help auto insurances companies improve profitability by 3 to 20% through better pricing and risk selection.
– Also offers risk mitigation services via safety-based route navigation to carriers and drivers.
– Offers location based, route based and usage based risk scores.
– Data based on more than 30 million crashes
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.
