Cover Whale, an insurtech focused on the commercial auto space, today announced reaching $100 million in insurance premiums in the first half of the year. This growth far outpaces competitors within its industry class. Leading a new vision for the insurtech industry, the company owes this milestone to its ongoing technological innovation, a distinct business model focused on controlling for loss ratios, and efficient client and partner services.
“We’re thrilled to reach $100 million in year-to-date premium and continue our upward, fast-paced, and industry-leading exponential growth,”
“Since our founding, we have experienced rapid growth, but never at the expense of underwriting profitability. I can’t thank my team enough for working hard to get us here, and I look forward to the next chapter at Cover Whale.”
Dan Abrahamsen, CEO of Cover Whale.
“Reaching this monumental milestone in such a short period shows that we’re determined to continue changing and disrupting the insurance landscape,”
“We’re committed to delivering our technology and capabilities to as many insureds as possible to make our roads and world a safer place. InsurTech 2.0 is about leveraging technology to create efficiencies and more precisely price the upfront exposures as well as actively underwriting and monitoring in real-time, 365 days a year.”
Kevin Abramson, President of Cover Whale.