Cover Whale Insurance, a commercial trucking insurance provider, has partnered with Nexar and Netradyne to more precisely price policies and offer discounts to safe drivers.
Cover Whale, 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.
The strategic partnerships with telematics and dash cam providers Nexar, Netradyne, and Orion Fleet Intelligence, as well as its ongoing partnership with Waylens, combine to further strengthen data collection and machine-learning capabilities, Cover Whale said.
These enhancements, the company added, continue to bolster the Cover Whale’s ability to accurately price risk and offer discounts to its safest policyholder.
The InsurTech also recently welcomes Tony Beirne to its executive team as chief data officer and chief actuary to level-up the company’s innovative and proprietary risk assessment approach.
As a testament to the Driver Safety Program’s success, and to continue encouraging safe driving practices, Cover Whale now offers a Safe Driver Discount of up to 15% in support of its safest policyholders when they renew their auto liability policy.
Cover Whale’s Driver Safety Program consists of three components that work together to help assess and address risk: cameras, coaching and coverage. The dashcams and associated telematics capture certain unsafe driving events, such as speeding, hard turning, and thousands of other data points, while providing important AI-driven situational context to the data.
Dan Abrahamsen, CEO of Cover Whale, said, “Our Driver Safety Program and its integrated components have proven effective at improving the safe driving of our policyholders while enabling us to manage industry-leading loss ratios. When it comes to road safety, we’ll never be satisfied. Making America’s roads safer is a never-ending pursuit for Cover Whale.”
Earlier this year, Cover Whale partnered with TrustedChoice.com, a digital marketing platform for independent agents and brokers.
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