Cover Whale Insurance Solutions Inc., a Rancho Santa Margarita, Calif.-based insurtech, is partnering with excess and surplus lines insurer Everspan Indemnity Insurance Co., to offer a commercial trucking insurance program.
Cover Whale offers underwriting and data tracking via its proprietary platform, which goes beyond the underwriting stage and into the post-binding stage with automatic portfolio data tracking. This allows 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, targeting 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.
“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,” commented Cover Whale CEO Dan Abrahamsen.
“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,” said Wyatt Blackburn, president of Everspan Group. “Our partnership with Cover Whale is in alignment with Everspan’s core business strategy to expand partner programs with best-in-class MGAs.”
About Everspan Group and Cover Whale
Everspan Group is a specialty property and casualty insurance platform comprised of Everspan Insurance Co., an admitted insurer, and Everspan Indemnity Insurance Co., a surplus lines insurer. New York City-headquartered Everspan operates nationwide on an admitted and non-admitted basis. The companies which comprise the Everspan Group are wholly owned subsidiaries of Ambac Financial Group Inc.
Cover Whale is a Rancho Santa Margarita, Calif.-based insurtech, founded by experienced insurance and technology veterans. Cover Whale said it provides an agent-friendly platform, which provides a simple solution for fast insurance quotes. Products are available exclusively through CoverWhale.com, with capacity from multiple leading insurance markets.
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