Cover Whale, a rapidly growing insurtech and commercial trucking insurance provider, has surpassed the $500 million mark in all-time written premium.
This milestone represents the firm’s rapid growth since it wrote its first commercial trucking policy in March 2020. It also clearly demonstrates Cover Whale’s position as a “driving force” within the industry.
At the same time, Cover Whale has generated more than $160 million in written premium 2023 year-to-date.
As the company enters the second half of 2023, its ongoing growth can be attributed to an increasing market acceptance for empowering truck drivers and small trucking fleets, which is known as being a historically underserved segment within the commercial auto insurance industry.
In addition, Cover Whale recently expanded into Idaho and Iowa, now reaching truckers with 47 states, including 32 with its Auto Liability line of business.
“Insurtech is an ever-evolving domain and it is our responsibility to continually introduce new tools that enhance road safety and make our agents’ lives easier,” said Dan Abrahamsen, CEO of Cover Whale.
“One thing remains the same: our commitment to truck drivers. We take pride in being a reliable source of quality, affordable coverage across the commercial trucking insurance product spectrum. By persistently pursuing advancements in technology, we’re lowering costs, improving road safety and saving lives. We eagerly anticipate launching new tools to sustain our momentum.”
In other related news, Cover Whale recently appointed Darien Acosta as its Chief Artificial Intelligence Officer (CAIO).
