Novo AI

Novo AI is a technology company leveraging Large Language Models (LLMs) to transform the insurance industry. They extract and process unstructured data from insurance documents across multiple languages, enabling automation of previously manual tasks. Their solutions have shown impressive results with clients like April International (health insurance) and Liberty Singapore (motor insurance), reducing manual intervention by 90% and potentially cutting claim costs by 5%+. Founded by Gilbert Leung, a former Google Applied Machine Intelligence team member, Novo AI aims to revolutionize claims processing across all insurance verticals, reducing processing time from weeks to minutes.