Swipet

About Swipet

Swipet Insurance Brokerage and Risk Management, S.L., operating under the brand Swipet, functions as an Insurtech company within the Spanish market. The firm operates as an exclusive insurance agency, tied to Fidelidade – Companhia de Seguros, S.A., Sucursal en España. Its core business revolves around the distribution of insurance products, specifically targeting the pet sector.

The company's business model is centered on providing insurance coverage for pets. As an agency, Swipet earns revenue through commissions on the insurance policies it sells on behalf of its principal underwriter, Fidelidade. The target clients are pet owners in Spain who are seeking financial protection against unforeseen veterinary expenses and other pet-related risks.

Based in Madrid, Spain, the company provides a digital platform for the management, processing, and maintenance of insurance contracts. This digital-first approach aims to simplify the process for customers to acquire and manage their pet's insurance coverage. The legal framework governing Swipet's operations includes the European Union's General Data Protection Regulation (GDPR) and Spain's Organic Law on Data Protection, ensuring the secure handling of client data.

The company's offerings are designed to cover various aspects of pet healthcare and well-being. By acting as a specialized intermediary, Swipet connects the end consumer with the insurance products of a major carrier, focusing on a niche but growing market segment. The relationship with Fidelidade provides the underwriting capacity and credibility, while Swipet focuses on customer acquisition and service delivery through its online channels.