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. Operating as a managing general agent (MGA), the company currently has more than 15,000 in-force policyholders, ending 2023 with a $225M in GPW while maintaining industry-leading loss ratios. Cover Whale's unique Driver Safety Program combines insurance 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 4,000 active agents with the industry's fastest, most agent-friendly online quote and bind experience.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 05/22/24 | $27,500,000 | Debt and Equity Financing |
Morgan Stanley | undisclosed |
