Novee
Novee provides an AI-based platform for underwriting risk assessment and analysis, transforming the underwriting process in commercial and specialty insurance markets by applying AI and large language models. The platform integrates directly into underwriting workflows to automate repetitive tasks, analyze submissions, and surface actionable insights. Founded in 2024 in London, United Kingdom, the company has raised…
Funding snapshot
About
Novee provides an AI-based platform for underwriting risk assessment and analysis, transforming the underwriting process in commercial and specialty insurance markets by applying AI and large language models. The platform integrates directly into underwriting workflows to automate repetitive tasks, analyze submissions, and surface actionable insights. Founded in 2024 in London, United Kingdom, the company has raised $2.1M in seed funding from investors including 42 Capital and Insurtech Gateway. AI based platform for underwriting risk assessment and analysis. It focuses on transforming the underwriting process in the commercial and specialty insurance market by applying AI and large language models. It integrates directly into underwriting workflows to automate repetitive tasks, analyze submissions, and surface actionable, contextual insights tailored to each underwriters risk preferences.
Business model
Insurance IT > Insurance Policy Solutions > Software for Insurance Intermediaries > Underwriting Research
Team background
College Wise > University of Manchester, London School of Economics and Political Science, University of Oxford
Institutional investors
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