Cover Whale Insurance Solutions, Inc., an insurtech specializing in connected insurance for the commercial auto industry, has appointed Bill Fahrner as Chief Underwriting Officer (CUO), where he will lead the digitally-driven underwriting process.
The firm states that this appointment “reinforces its dedication to delivering unparalleled user experiences at an industry-leading pace.”
This addition coincides with the company’s rapid growth in market demand resulting from its accelerating scale and reach.
Darryl Siry, Chief Operating Officer and Chief Technology Officer, Cover Whale, commented on the appointment, “We’re at a stage of rapid expansion which bears testament to our successful approach to commercial trucking insurance, and we’ve created a significant lead in the industry in terms of the digital provision of coverage.
“As we scale, Bill’s expertise and seasoned leadership bolster our ongoing ability to underwrite and price risks fairly and accurately, while continuing to turn in industry-leading loss ratios.”
Fahrner is an industry veteran with nearly 30 years of experience. He began his underwriting career at AIG, ultimately serving as the Casualty Underwriting Officer for the Americas.
Fahrner also led the Insurance Product Development team at Blackboard Insurance to establish the insurtech’s proprietary underwriting platform.
Most recently, Fahrner served as Chief Insurance Officer at Joyn Insurance.
“His track record of combining technology-enhanced risk analysis with traditional underwriting principles aligns with Cover Whale’s mission of driving industry-leading loss ratios in a sustainable manner,” explained the firm.
Fahrner concluded, “As one of the industry’s most robust managing general agents, Cover Whale’s commitment to evolving the commercial auto insurance underwriting landscape using technology is truly commendable.
“This is an exciting time to join the company, and I look forward to taking our already leading trucking insurance platform and underwriting process to the next level.”
