September 20, 2021—Cover Whale Insurance Solutions, Inc., an Insurtech focused on the commercial auto space, announces its partnership with Everspan Indemnity Insurance Company (“Everspan”), an excess and surplus lines insurer which is part of Everspan Group, a participatory fronting insurance group Rated A- (Excellent) by AM Best, to offer a Commercial Trucking Program.
Cover Whale offers best-in-class underwriting and data tracking via its proprietary underwriting platform. The platform’s powerful use goes beyond the underwriting stage and into the post-binding stage with automatic portfolio data tracking, allowing Cover Whale and its (re)insurance partners to have real-time monitoring, oversight, and reporting in an easy-to-use dashboard.
The Commercial Trucking Program will be written on Everspan’s highly rated paper and targets professional owners of small trucking operations including common and contract carrier operations such as commercial truckers, common carriers, contract carriers, freight haulers and intermodal carriers.
Cover Whale CEO Dan Abrahamsen stated, “With continued evolution in the commercial automobile market in recent years there is a significant opportunity for specialist programs. We are excited about our partnership with Everspan as we continue growing our footprint within the commercial auto space.”
Wyatt Blackburn, President of Everspan Group, stated “We were initially attracted to Cover Whale’s tech-enabled platform for its use of emerging A.I. and underwriting data, which offers an opportunity to profitably underwrite commercial trucking at a strong competitive advantage.” Mr. Blackburn continued, “Our partnership with Cover Whale is in alignment with Everspan’s core business strategy to expand partner programs with best-in-class MGAs.”