Cover Whale Insurance Solutions, Inc., an insurtech specializing in connected insurance for commercial auto insurance, is announcing a strategic partnership with Geotab, a global firm focused on connected transportation solutions providing top-tier telematics and asset tracking capabilities to commercial fleets.
Cover Whale is offering its insurance coverage “to Geotab fleet and owner-operator customers directly through its integration with the Geotab Marketplace, including auto liability, auto physical damage, motor truck cargo, and other trucking insurance products.”
This partnership underscores the commitment of “both Cover Whale and Geotab to provide affordable insurance and encourage safer driving practices to maximize safety on America’s roads.”
The integration presents a streamlined insurance experience “for Geotab fleet managers and drivers.”
It combines the advanced telematics data “from Geotab with Cover Whale’s innovative insurance programs, providing an advanced level of support and safety for commercial fleets.”
Dan Abrahamsen, CEO of Cover Whale, said:
“We take pride in building partnerships with leading-edge companies like Geotab. By joining forces, we have the opportunity to lower costs and improve safety for Geotab drivers and fleets. Our use of advanced telematics in our Driver Safety Program has been proven to reduce the incidents and severity of claims, while offering our safest drivers up to a 30% discount at renewal. We are confident that this partnership will make roads safer for everyone.”
Jim Davis, Vice President, Insurance at Geotab, said:
“By combining Geotab’s industry-leading telematics data with Cover Whale’s AI-powered risk assessment and coaching program, we are empowering fleets and owner-operators to improve safety and reduce costs for their businesses. It’s a perfect example of how telematics can be used to create a win-win situation for everyone involved – from insurers to drivers to the entire trucking industry.”
As noted n the update, Cover Whale is “an insurtech founded by experienced insurance and technology veterans, focuses on technology, underwriting, and data to provide innovative insurance programs for the commercial auto industry.”
Operating as a managing general agent (MGA), the company currently “has more than 15,000 in-force policyholders, ending 2023 with a two-year CAGR of 85% while maintaining industry-leading loss ratios.”
Cover Whale’s unique Driver Safety Program “combines coverage with telematics, and real-time driver coaching to reduce claims, keep drivers safe and save lives on America’s roads.”
Cover Whale delivers its product “through more than 6,000 agents with the industry’s fastest, most agent-friendly online quoting experience.”
With a fundamental belief that safe driving should be rewarded, Cover Whale-insured drivers may receive “up to 30% off when renewing their auto liability policy.”