Swyfft
Swyfft is a US-based private property insurance carrier that uses AI and analytics to deliver homeowner, commercial, and flood insurance quotes in seconds, selling direct-to-consumer and through independent agents across 26 states.
- Company typePrivate
- Founded2014
- HeadquartersMorristown, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
Swyfft firmographics
Firmographics- Name
- Swyfft
- Legal name
- Swyfft LLC
- Website
- https://swyfft.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Swyfft is a US-based private property insurance carrier that uses AI and analytics to deliver homeowner, commercial, and flood insurance quotes in seconds, selling direct-to-consumer and through independent agents across 26 states.
- Ownership category
- akta.pro rank
Swyfft industry classification
Industry- Product category
- Home Insurance
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Flood Insurance (FSAJACAG)
Keywords
Where Swyfft is headquartered
LocationHeadquarters
- HQ city
- Morristown
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Swyfft business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Insurance Premiums: Collects recurring insurance premiums from homeowners, commercial property, and flood insurance policies. Pricing varies by coverage type, property circumstances, and individual risk factors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Homeowner Insurance - Quote-based pricing |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels5 records
Swyfft product offering
Product offeringCore offering
Swyfft is a US property insurance carrier that underwrites and sells homeowners, commercial property, and flood insurance. It uses proprietary AI and analytics with unique data sources to deliver quotes in seconds rather than via traditional lengthy form-based applications. Coverage is sold directly online and through a network of independent insurance agents across multiple US states.
Product overview
Swyfft is an insurance company offering a portfolio of property insurance products including Homeowners Insurance, Commercial Insurance, and Flood Insurance. The company differentiates itself by using unique data sources and analytics to offer homeowner insurance quotes in seconds. Supporting the core insurance products, Swyfft provides a Claims Center for policy management and a Direct Repair Deductible Savings Program as an add-on benefit for policyholders.
Differentiator
Problem solved
Functional benefit
Products and services
- Homeowners Insurance Primary homeowner insurance product offering coverage for residential properties, available in seconds through Swyfft's data-driven quote process for individual homeowners.
- Commercial Insurance Insurance coverage for commercial properties and businesses, offered alongside homeowner and flood insurance products.
- Flood Insurance Flood insurance coverage provided as part of Swyfft's property insurance portfolio.
- Claims Center Online portal for policyholders to manage and track insurance claims, access claims resources, and initiate the claims process.
- Direct Repair Deductible Savings Program Program offering deductible savings when policyholders use Swyfft's preferred repair network following a covered claim.
Quantifiable outcome
- Offer homeowner insurance in seconds
- +1 more outcomes
Companies that use Swyfft
Customer profileSegments3 records
Ideal customer profiles3 records
Swyfft technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Swyfft partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights5 records
Swyfft competitors and assessment
Company assessmentDirect peers
- Lemonade: Public insurtech using AI and behavioral economics to underwrite renters, homeowners, pet, and life insurance. Comparable to Swyfft as a digital-first, AI-driven DTC carrier emphasizing instant quotes and a streamlined mobile experience.
- Hippo Insurance: Public insurtech focused on homeowners insurance with embedded smart-home protection and data-driven underwriting. Closely comparable to Swyfft in target customer (homeowners), direct-channel emphasis, and use of third-party data for underwriting.
- Kin Insurance: DTC homeowners insurtech initially focused on catastrophe-prone Florida and expanded nationally. Comparable to Swyfft in DTC homeowners focus, coastal geographic concentration, and data-driven underwriting approach.
- Branch Insurance: Bundled home, auto, and umbrella insurtech offering instant online binding through both DTC and a partner agent network. Comparable to Swyfft's hybrid DTC/agent distribution model and homeowners focus, though Branch has broader product breadth.
Emerging players
- Openly: Tech-enabled homeowners insurer selling exclusively through independent agents with modern underwriting and digital servicing. Comparable to Swyfft in homeowners focus and agent-channel emphasis, though Openly is agent-only rather than hybrid.
Broad incumbents
- State Farm: Largest US personal lines insurer distributing through captive agents with broad homeowners, auto, life, and small commercial products. Comparable to Swyfft as a homeowners competitor with massive agent distribution and brand strength.
- Allstate: Major US personal lines carrier with homeowners, auto, and life products distributed through captive agents, direct channels (Esurance), and independent agents. Comparable to Swyfft across both homeowners product and multi-channel distribution.
- Liberty Mutual: Global P&C insurer offering homeowners, auto, and small commercial products through a mix of captive employees, direct, and independent agents. Comparable to Swyfft as a major homeowners competitor with multi-channel distribution.
Regional players
- Slide Insurance: Regional homeowners insurer concentrated in Florida and other catastrophe-prone states with a focus on coastal property risk. Comparable to Swyfft in homeowners product and heavy coastal exposure, though Slide is regionally focused rather than multi-state DTC.
Others
- LexisNexis Risk Solutions: Major data and analytics vendor supplying credit-based insurance scoring, claims, and property data to P&C insurers. Comparable to Swyfft as an enabling ecosystem partner whose data products underpin Swyfft's credit-based insurance scoring feature.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Swyfft social profiles
Digital presenceSwyfft financial estimates
Financial estimateRevenue estimate
Valuation estimate
Swyfft leadership team
Management profileNumber of profiles
Profiles6 records
Swyfft funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Swyfft 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 Swyfft
What does Swyfft do?
Swyfft is a US property insurance carrier that underwrites and sells homeowners, commercial property, and flood insurance. It uses proprietary AI and analytics with unique data sources to deliver quotes in seconds rather than via traditional lengthy form-based applications. Coverage is sold directly online and through a network of independent insurance agents across multiple US states.
Is Swyfft a public or private company?
Swyfft is a private company. It is classified as venture growth investor backed and is currently operating.
When was Swyfft founded?
Swyfft was founded in 2014. It employs 101 to 250 people.
Where is Swyfft based?
Swyfft is headquartered in Morristown, United States, in the North America region.
How does Swyfft make money?
One revenue line is on record: insurance Premiums.
Who are Swyfft's main competitors?
Direct peers on record are Lemonade, Hippo Insurance, Kin Insurance and Branch Insurance. Openly is listed as an emerging player. Broad incumbents are State Farm, Allstate and Liberty Mutual. Slide Insurance is listed as a regional player. LexisNexis Risk Solutions is listed as an others.
Does Swyfft have an API?
No public API is recorded for Swyfft.
What industry is Swyfft in?
Swyfft's product category is Home Insurance. Its primary akta.pro industry code is FSAJACAG, Flood Insurance. Its NAICS code is 52412 and its SIC code is 6411.