TypTap Insurance
TypTap Insurance is a U.S. insurtech carrier and HCI Group subsidiary providing homeowners and flood insurance in 12 and 8 states respectively, distributed through independent agents and direct digital channels, with active participation in the Florida Citizens depopulation program.
- Company typePrivate
- Founded2016
- HeadquartersOcala, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What TypTap Insurance does
TypTap Insurance is a U.S. homeowners and flood insurance carrier founded in 2016 and operating as a wholly-owned subsidiary of HCI Group, Inc. (NYSE: HCI). The company distributes primarily through independent insurance agents using a Managing General Agency (MGA) model, supplemented by direct-to-consumer digital enrollment via its website and mobile applications, and operates an active participation in the Florida Citizens Property Insurance Corporation depopulation program through which it assumes policies at scale from the state-backed insurer of last resort.
The company's core technology is a modernized pre-underwriting system that automates risk assessment behind the scenes, enabling rapid quote generation and quick policy binding without lengthy questionnaires. This platform underwrites homeowners coverage in 12 states (CT, FL, GA, MA, MT, NC, NJ, NM, NV, RI, SC, SD, UT) and flood coverage in 8 states (AR, CA, MD, NJ, OH, PA, SC, TX) through the affiliated Homeowners Choice Property & Casualty Insurance Company, Inc. TypTap holds an 'A' (Exceptional) Financial Stability Rating from Demotech and is supported by a multi-billion-dollar reinsurance program with A- or better-rated global reinsurers including Swiss Re, Arch Re, Chubb Tempest Re, Renaissance Re, Endurance, Markel Bermuda, Transatlantic Re, and Fortex Re.
TypTap earns revenue primarily through insurance premiums collected from policyholders on annual, semi-annual, or quarterly billing cycles via credit/debit cards, ACH, and check. Q3 2024 gross written premiums reached $174.3 million (up 49.6% year-over-year), driven by the October 2024 assumption of over 42,000 Citizens policies representing approximately $200 million in premium. Centerbridge Partners invested $100 million at an $850 million post-money valuation in February 2021. In March 2025, HCI Group restructured operations, rebranding TypTap as Exzeo Group to separate the insurance carrier from a new technology-focused entity, which filed its own IPO with the SEC in September 2025.
TypTap Insurance firmographics
Firmographics- Name
- TypTap Insurance
- Legal name
- TypTap Insurance Company, Inc.
- Website
- https://typtap.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- TypTap Insurance is a U.S. insurtech carrier and HCI Group subsidiary providing homeowners and flood insurance in 12 and 8 states respectively, distributed through independent agents and direct digital channels, with active participation in the Florida Citizens depopulation program.
- Ownership category
- akta.pro rank
TypTap Insurance industry classification
Industry- Product category
- Property & Casualty Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers (5241), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Landlord / Dwelling Fire (DP) Insurance (FSAJACAD)
- akta.pro secondary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
Keywords
Where TypTap Insurance is headquartered
LocationHeadquarters
- HQ city
- Ocala
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
TypTap Insurance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Premiums: TypTap earns revenue by collecting insurance premiums from policyholders for homeowners and flood insurance coverage. Premiums are collected through various payment methods including annual, semi-annual, or quarterly installments via credit cards, debit cards, and eCheck.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Homeowners and Flood insurance products |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
TypTap Insurance product offering
Product offeringCore offering
TypTap Insurance underwrites and distributes homeowners and flood insurance policies to residential property owners, primarily in Florida and 11 other U.S. states. The company operates an insurtech model that combines a proprietary pre-underwriting system enabling rapid quoting and binding with distribution through independent insurance agents and direct-to-consumer digital channels.
Product overview
TypTap Insurance operates as an insurtech company offering homeowners and flood insurance products. The company provides two core insurance products: Homeowners Insurance (active in 12 states including Florida, Connecticut, Georgia, Massachusetts, Montana, North Carolina, New Jersey, New Mexico, Nevada, Rhode Island, South Carolina, South Dakota, and Utah) and Flood Insurance (underwritten by affiliate Homeowners Choice Property & Casualty Insurance Company in 8 states including Arkansas, California, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, and Texas). The products are distributed through independent insurance agents and feature digital-first quoting and policy management capabilities including a mobile app and online policyholder portal.
Differentiator
Problem solved
Functional benefit
Products and services
- Homeowners Insurance Primary homeowners insurance product offering reliable, easy-to-quote, and quick-to-bind coverage for residential properties. Active in Connecticut, Florida, Georgia, Massachusetts, Montana, North Carolina, New Jersey, New Mexico, Nevada, Rhode Island, South Carolina, South Dakota, and Utah.
- Flood Insurance Flood insurance products and services underwritten by Homeowners Choice Property & Casualty Insurance Company, Inc. Available in Arkansas, California, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, and Texas.
Quantifiable outcome
- 49.6% year-over-year growth in gross written premiums to $174.3M in Q3
- +1 more outcomes
Companies that use TypTap Insurance
Customer profileNamed customers7 records
Segments2 records
Ideal customer profiles2 records
TypTap Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
TypTap Insurance partnerships and signals
Strategic signalScale indicators5 records
Recent moves11 records
Expansion highlights6 records
TypTap Insurance competitors and assessment
Company assessmentDirect peers
- Heritage Property & Casualty Insurance: Florida-headquartered homeowners P&C carrier with multi-state Sunbelt operations. Competes with TypTap for the same agent distribution and Florida homeowners risk pool.
- Kin Insurance: Florida-focused insurtech offering homeowners insurance directly to consumers and through partner agents. Kin shares TypTap's Florida concentration, digital-first underwriting approach, and use of the Citizens depopulation pipeline.
- Slide Insurance: Florida-based homeowners insurance carrier that has also rapidly scaled via the Citizens depopulation program. Slide competes head-to-head with TypTap for Citizens takeouts and Florida agent distribution.
- Hippo Insurance: Insurtech focused on homeowners insurance with a modernized digital platform and emphasis on smart home risk mitigation. Comparable to TypTap in product focus, technology-driven approach, and reliance on partner agent networks.
- Tower Hill Insurance Group: Established Florida-focused homeowners property insurer with multi-state expansion. Directly comparable in product line, geographic core, and agent distribution model.
- Universal Insurance Holdings: Public Florida P&C holding company (UVE) underwriting homeowners insurance through Universal Property & Casualty. Closely comparable product line and Florida catastrophe exposure profile to TypTap/HCI.
- Frontline Insurance: Regional homeowners P&C carrier operating across the Southeast U.S., including Florida. Comparable product focus, geographic exposure, and agent-led distribution approach.
Broad incumbents
- Lemonade: Public insurtech offering homeowners and renters insurance with a digital-first, AI-driven model. Comparable to TypTap in product overlap and technology orientation, but with a broader geographic footprint and scale.
- Castle Key Indemnity Company: Allstate subsidiary writing Florida homeowners insurance. A scaled incumbent competing with TypTap in the same Florida agent channel and Citizens depopulation program.
Others
- Citizens Property Insurance Corporation: Florida state-backed insurer of last resort and source of TypTap's policy assumptions via depopulation. Not a commercial competitor but the critical counterparty whose policy portfolio has fueled TypTap's rapid growth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TypTap Insurance social profiles
Digital presenceTypTap Insurance compliance and trust
Trust signalCompliance2 records
TypTap Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
TypTap Insurance leadership team
Management profileNumber of profiles
Profiles2 records
TypTap Insurance subsidiaries and ownership
Company hierarchySubsidiaries5 records
TypTap Insurance funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TypTap Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TypTap Insurance
What does TypTap Insurance do?
TypTap Insurance underwrites and distributes homeowners and flood insurance policies to residential property owners, primarily in Florida and 11 other U.S. states. The company operates an insurtech model that combines a proprietary pre-underwriting system enabling rapid quoting and binding with distribution through independent insurance agents and direct-to-consumer digital channels.
Is TypTap Insurance a public or private company?
TypTap Insurance is a private company. It is classified as corporate owned and is currently operating.
When was TypTap Insurance founded?
TypTap Insurance was founded in 2016. It employs 51 to 100 people.
Where is TypTap Insurance based?
TypTap Insurance is headquartered in Ocala, United States, in the North America region.
How does TypTap Insurance make money?
One revenue line is on record: insurance Premiums.
Who are TypTap Insurance's main competitors?
Direct peers on record are Heritage Property & Casualty Insurance, Kin Insurance, Slide Insurance, Hippo Insurance, Tower Hill Insurance Group, Universal Insurance Holdings and Frontline Insurance. Broad incumbents are Lemonade and Castle Key Indemnity Company. Citizens Property Insurance Corporation is listed as an others.
Does TypTap Insurance have an API?
No public API is recorded for TypTap Insurance.
What industry is TypTap Insurance in?
TypTap Insurance's product category is Property & Casualty Insurance. Its primary akta.pro industry code is FSAJACAD, Landlord / Dwelling Fire (DP) Insurance, with a secondary code of FSAEADAK, Insurance Program Administration & MGA/MGU Services. Its NAICS code is 524126 and its SIC code is 6331.