Cover Whale has teamed up with Everspan Indemnity Insurance Company (Everspan), an excess and surplus lines insurer, to offer a Commercial Trucking Program.
The new programme will be written on Everspan’s paper and focus on professional owners of small trucking operations including common and contract carrier operations.
Everspan is part of the Everspan Group, a speciality property and casualty insurance platform.
The commercial auto insurtech firm, Cover Whale will offer underwriting and data tracking via its proprietary underwriting platform.
Cover Whale noted that its platform also offers automatic portfolio data tracking, which gives Cover Whale and its (re)insurance partners monitoring, oversight, and reporting capabilities.
Cover Whale CEO Dan Abrahamsen said: “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.”
Everspan Group president Wyatt Blackburn said: “We were initially attracted to Cover Whale’s tech-enabled platform for its use of emerging AI and underwriting data, which offers an opportunity to profitably underwrite commercial trucking at a strong competitive advantage.
“Our partnership with Cover Whale is in alignment with Everspan’s core business strategy to expand partner programs with best-in-class MGAs.”
Last month, US-based High Definition Vehicle Insurance (HDVI) Group has raised $32.5m in a Series B funding round for commercial auto insurance.