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Cover Whale's mission is to leverage data, technology and industry expertise to efficiently reduce insurance costs and improve safety within the commercial trucking industry.
24% employee growth in 12 months
Every commercial trucker requires insurance before they can start working, and this can get expensive for businesses that manage large-scale trucking fleets. Despite this insurance spend, commercial trucking fleets still cost businesses enormous amounts of money in road accidents, presenting significant room for improvement in insurance coverage plans.
Cover Whale provides insurance coverage for commercial trucking fleets, leveraging technology to collect hundreds of data points to help identify risks and reduce costs. Whilst the company faces intense competition from other insurance companies, Cover Whale's technology-first approach gives it an edge in providing faster quotes at lower rates compared to its rivals. So far it has driven more than $400 million in premiums through its insurance platform.
Cover Whale currently provides coverage throughout nearly all of the continental United States, with near-term plans to extend into the remaining territories. It is currently working to improve its product by forming strategic partnerships to help improve the accuracy of its platform and drive down insurance costs further by using its technology to incentivise safe driving.
Freddie
Company Specialist at Welcome to the Jungle
May 2024
$13.8m
EARLY VC
Oct 2021
$15.5m
SEED
Daniel Abrahamsen
(CEO)Experience working as Project Manager for Allied World from 2015 to 2019. Partner of UnderwritingCloud since 2013.