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Cover Whale Reaches $100 Million in Year-to-Date Insurance Premium in 2022
Cover Whale, an insurtech focused on the commercial auto space, today announced reaching $100 million in insurance premium 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,” said Dan Abrahamsen, CEO of Cover Whale. “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.”
“Reaching this monumental milestone in such a short period shows that we’re determined to continue changing and disrupting the insurance landscape,” said Kevin Abramson, President of Cover Whale. “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.”
Beyond premium growth, Cover Whale is expanding its capabilities and footprint. They recently began offering admitted products in Georgia and Florida, with North Carolina, South Carolina, Nevada, Texas, and Illinois to follow shortly.
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Instant Payments and the Proliferation of QR-Driven Transactions
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Sustainable Growth and Building Strategic Capability in Digital Transformation
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Sygnum Completes First Live AI-Agent Driven Digital Asset Transactions by a Regulated Swiss Bank
Sygnum, a global digital asset banking group, today announced it has become the first Swiss regulated bank to use an AI agent to test live digital asset market transactions, with the client retaining custody, consent and control at every step. This is the latest initiative from AI@Sygnum which leads the development, integration and governance of agent-driven workflows across the group globally.
CMC Markets Launches Spectre Trading Account for Retail Clients
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JCB and Wonder Advance Cashless Taxi Payments in Hong Kong
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