Richard Trezza, Swyfft's co-founder, moved into a new home and began
looking for homeowners insurance. It took about two weeks to complete
the process.
In most other businesses these days, that kind of delay would be frowned
upon; in fact, it would be considered outdated. Nonetheless, it's
standard practice in the traditional house insurance market. Sean Maher,
Trezza's co-founder, is determined to change that.
Swyfft is a data-driven house insurance firm that is revolutionizing how
individuals search for and receive home insurance. Its principal business
is conducted through a network of independent insurance agents and brokers.
After raising its seed round in 45 minutes, the company was founded roughly
three years ago. Swyfft has since been highly profitable, with a 400 percent
increase in revenue in the last six months.
All of that growth didn't come from flashy sales and marketing. It
has been a case of 'Build a fantastic product; tell the world.'
It's also easy when the most significant home insurance company is
State Farm, a company with a reputation for getting busted bribing judges.
Swyfft's mission is to bring the home insurance business up to speed
with other markets as more consumers seek one-click ease and a more simplified
user experience overall.
They're doing so thanks to the power of LIDAR (light detection and
ranging data), a unique set of analytics that employs lasers to remotely
sense and generate 3D information about natural and artificial environments
in a specific area. When this data is combined with Swyfft's unique
methods, the team can estimate prospective hazards to a particular address
with a level of precision not found in other insurance firms' predictive models.
What impact does this data have on the user experience? Swyfft can quickly
deliver a bindable price quote to anyone shopping for home insurance thanks
to its models, which allow the company to precisely analyze the risks
at a specific address in a matter of moments. All you need is an address
and less than a minute of your time. No lengthy surveys concerning square
footage, electrical upgrades, or the family dog are required. It's
all about the location of your home and how that location reduces or increases
the chance of tragedy.
Another method that users gain is as follows: Swyfft's quotes are often
(but not always) lower than those provided by more complex assessment
models. Swyfft's co-founders estimate that nearly half of all U.S.
homeowners could save between 10% and 20% each year by using the service.
Pricing can grow better with all of the new data sources being accessible.
This is especially true for those who live along the ocean, where hurricane
risk varies from house to house. A lot of our proprietary analytics are
better at anticipating storm threats. Everyone else in Miami is going
to demand $3,000 for a portion of a home. However, some of them may be
paying less, while others may be paying more.
Swyfft is so confident in its ability to correctly determine the risk that,
to Maher's knowledge, it is the only company in its field to give
a Guaranteed Replacement Cost endorsement, which means Swyfft will cover
the entire cost if a home is damaged. In contrast, most traditional insurance
policies include a coverage limit that applies regardless of whether expenses
exceed that level.
When individuals buy the insurance and pay their premiums year after year,
they don't expect to have to come up with additional money when it's
time to file a claim. Swyfft is an expert in this field. They are better
at estimating the cost of replacing a home than the homeowner is. They
eat it if we're mistaken about something.
Swyfft's sophisticated underwriting skills are a boon for both users
and the organization as a whole. Swyfft can attract a large number of
clients by utilizing unique data to create a better user experience. Furthermore,
by employing a more watertight underwriting procedure, the corporation
can appropriately underwrite and price its products, ensuring profitability.
Meanwhile, homeowners benefit from quick quotes and possibly lower premiums,
making it easier than ever to find a policy that meets their needs.
who owns swyfft insurance |
who owns swyfft |
who owns swyfft insurance company |
who is swyfft insurance |
what does swyfft stand for? |
how much is home insurance in houston? |
who has the best rates on homeowners insurance? |
what is the best home insurance in texas? |
who owns american strategic insurance? |
did progressive buy asi? |
what is asi progressive? |
does progressive home insurance cover water damage? |
what home insurance is cheapest? |
how do you shop around home insurance? |
how much homeowners insurance should you have? |
what are the 10 best insurance companies? |
who is the best insurance provider? |
which car insurance has the best rates? |
do i need umbrella insurance? |
is metlife a good insurance? |
does metlife do home insurance? |
who has the best home insurance? |
does metlife home insurance cover mold? |
what is the best insurance company for home and auto? |
what home insurance company is cheapest? |
is state farm good for homeowners insurance? |
is chubb insurance expensive? |
what are the top rated homeowners insurance companies? |
how do i find the best homeowners insurance? |
which homeowners insurance is cheapest? |
does progressive insurance cover homeowners? |
does progressive do house insurance? |
which insurance company is best for homeowners? |
who is the owner of progressive insurance? |
who is the #1 auto insurance company? |
what is progressive home advantage? |
which insurance company is the cheapest? |
what is the best home insurance company? |
does allstate homeowners cover roof leaks? |
does aaa have home insurance? |
who is the best insurance company for home and auto? |
who offers the best home insurance? |
do homeowners insurance quotes affect credit score? |
is swyfft a good insurance company? |
is swyfft a good insurance? |
who has the cheapest homeowners insurance in texas? |
what is the best home insurance company in texas? |
who is the top rated insurance company? |
what states does swyfft write? |
is travelers insurance a good company? |
who has the cheapest home insurance? |
what does upc insurance stand for? |
where is upc insurance located? |
is upc insurance an admitted carrier? |
is american integrity a good insurance company? |
who owns swift cover? |
is swiftcover part of axa? |
is allstate good home insurance? |
which insurance company has the highest customer satisfaction? |
who is the number 1 insurance company in america? |
what is the best insurance company? |
is aaa good homeowners insurance? |
who is the best home insurance company? |
is geico good for homeowners insurance? |
is safeco a good insurance company? |
is usaa a good insurance company? |
what does liberty mutual homeowners insurance cover? |
does geico provide home insurance? |
is homeowners insurance expensive in texas? |
do i need homeowners insurance? |
what is the best home insurance? |
what states does american family insurance operate in? |
is american family insurance publicly traded? |
does american family cover windshield replacement? |
who is the number 1 insurance company? |
who are the top 5 insurance companies? |
how is allstate homeowners insurance rated |
who underwrites progressive homeowners insurance |
is swyfft good insurance |
how owners insurance |
what is business owners insurance |
how owners insurance companies |
what is owner title insurance |
what is owner's title insurance |
what is a business owner policy insurance |
who should be the owner of a life insurance policy |
who is the policy owner on a life insurance |
who is the owner of a life insurance policy |
what is owner title insurance for a home |
who is the policy owner of an health insurance |
what do small business owners do for health insurance |
what is owner's title insurance policy |
what is an owner's policy of title insurance |
where to buy owner's title insurance |
why buy owner's title insurance |
what is owner's title insurance cost |
who is a third party owner in life insurance |
what is estate of the owner as in life insurance |
what does business owners insurance cover |
who is the policy owner in credit life insurance |
do need owner's title insurance |
what is owner's title insurance and do i need it |
why do i need owner's title insurance |
do you need owner's title insurance |
do i need owner's title insurance |
who is the owner of corporate life insurance |
who needs owner title insurance |
does owner's title insurance cover |
what does owner's title insurance cover |
is auto owners insurance good |
why work for auto owners insurance |
how big is auto owners insurance |
is owner's title insurance required |