– Helps insurers to select best risks by using spatial algorithms, hazard models, machine learning, and industry best practices.
– real-time reporting capabilities.
– covers wildfires and hurricanes through its exposure data
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.
