Cover Whale Insurance Solutions Inc. has announced its partnership with Everspan Indemnity Insurance Company to offer a commercial trucking program.
Cover Whale says it 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, according to an announcement.
Cover Whale CEO Dan Abrahamsen says, “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 says, “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. Our partnership with Cover Whale is in alignment with Everspan’s core business strategy to expand partner programs with best-in-class MGAs.”
