Cover Whale Insurance Solutions Inc., an insurtech based in Rancho Santa Margarita, Calif., Has partnered with excess and excess line insurer Everspan Indemnity Insurance Co., to deliver an insurance program for commercial trucking.
Cover Whale offers subscription and data monitoring via its proprietary platform, which goes beyond the subscription phase and up to the post-contract phase with automatic monitoring of portfolio data. This allows Cover Whale and its re / insurance partners to have real-time tracking, monitoring and reporting in an easy-to-use dashboard.
The Commercial Trucking Program will be written on highly rated Everspan paper, targeting professional owners of small trucking operations, including common and contract carrier operations such as commercial truckers, common carriers, contract carriers, freight carriers and intermodal carriers.
“With the continued evolution of the commercial automotive market in recent years, there is a significant opportunity for specialty programs. We are excited about our partnership with Everspan as we continue to expand our footprint in the automotive commercial space, ”commented Dan Abrahamsen, CEO of Cover Whale.
“We were first drawn to Cover Whale’s technology platform for its use of emerging AI and underwriting data, which provides an opportunity to profitably underwrite commercial trucking with a significant competitive advantage,” said Wyatt Blackburn, president of Everspan Group. “Our partnership with Cover Whale aligns with Everspan’s core business strategy of expanding partnership programs with top-in-class MGAs. “
About the Everspan and Cover Whale group
Everspan Group is a specialty P&C insurance platform comprised of Everspan Insurance Co., a licensed insurer, and Everspan Indemnity Insurance Co., a surplus line insurer. Everspan Group operates nationwide on an admitted and non-admitted basis. The companies that make up the Everspan group are wholly owned subsidiaries of Ambac Financial Group Inc.
Cover Whale is a Rancho Santa Margarita, California-based insurtech founded by seasoned insurance and tech veterans. Cover Whale said it provides an agent-friendly platform that provides a simple solution for quick insurance quotes. The products are available exclusively through CoverWhale.com, with capacity for several leading insurance markets.
Mergers Carriers Surplus Commercial Lines Trucking
Interested in Carriers?
Receive automatic alerts for this topic.