Comparison · 2026 edition
Cover Genius vs Swan: embedded finance compared 2026.
Cover Genius and Swan side by side in the Embedded Finance and Insurance Index 2026: scores, evidence, published facts and awards.
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Cover Genius and Swan side by side in the Embedded Finance and Insurance Index 2026: scores, evidence, published facts and awards.
In the Embedded Finance and Insurance Index, Cover Genius scores higher overall: 3.6 out of 5 (73 out of 100) against 2.8 (56), ranking 2 and 5 of 14. Cover Genius also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | Cover Genius | Swan |
|---|---|---|
| Score out of 5 | 3.6 | 2.8 |
| Score out of 100 | 73 | 56 |
| Overall rank | 2 of 14 | 5 of 14 |
| For software and platform companies (out of 100) | 70, rank 3 | 56, rank 5 |
| For retailers, travel and marketplaces (out of 100) | 81, rank 2 | 60, rank 6 |
| For regulated firms adding products (out of 100) | 68, rank 3 | 52, rank 6 |
| Type | Embedded insurance distribution platform | Embedded banking platform and e-money institution |
Each score with the evidence behind it.
| Criterion | Cover Genius | Swan |
|---|---|---|
| Product range | 5/5 Five or more insurance and protection lines published. | 3/5 Accounts, payments and cards published. |
| Published pricing | 0/5 Not published. | 1/5 Only a "from" price published, which the method does not count. |
| Regulatory standing | 5/5 Own licences with numbers published for four jurisdictions. | 4/5 Own e-money licence with ACPR identifiers published for France. |
| Geographic reach | 5/5 60+ countries and all 50 US states published. | 3/5 Local IBANs in five countries published. |
| Integration and launch | 4/5 API, white-label journey and a stated launch time; no sandbox on the pages read. | 4/5 API, free sandbox and white-label app published; no stated launch time. |
| Security | 0/5 Not published on the pages read. | 0/5 Not published on the pages read. |
Each criterion is scored 0 to 5 against the best published offer in the Embedded Finance and Insurance Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 26 October 2026.
| Fact | Cover Genius | Swan |
|---|---|---|
| Products | "motor, travel, injury and liability insurance policies"; shipping protection; marketplace protection; warranties and "any line of insurance, warranty or other type of protection". | Business accounts with "Local accounts with IBANs starting with FR, DE, ES, NL and IT"; "SEPA and multi-currency transfers"; payment acceptance; physical and virtual cards; expense and employee benefit cards. |
| Regulatory standing | UK: "Cover Genius Ltd, a firm authorised and regulated by the Financial Conduct Authority (Firm Reference No. 750711)"; EEA: AFM "license number 12046177"; Australia: "AFS Licensee, No 490058"; New Zealand: "FSP1001258". | "Swan is a licensed electronic money institution authorised by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR), under the REGAFI identifier 86245 and identification code 17328 K". |
| Reach | "Licensed or authorized in over 60 countries and all 50 US states." | Not listed in this index |
| Integration | RESTful APIs; "100% white-labeled" experience; "Go live in weeks with minimal development resources". | "The Sandbox is free to explore!"; "White-labeled banking app (your brand, your settings)"; API explorer and Postman collection. |
| Clients | Quoted clients include Priceline and Turkish Airlines ("seamless integration in 56 countries"). | Not listed in this index |
| Pricing | Not listed in this index | Swan on demand: "Starting from 2990 € /m"; Swan Enterprise: custom; "flexible, revenue-sharing pricing". |
| Safeguarding | Not listed in this index | Client funds "are segregated and deposited with our banking partners, BNP Paribas and Natixis - Groupe BPCE". |
| Date read | 26 October 2026 | 26 October 2026 |
Not published or not stated by Cover Genius: published pricing and security.
Not published or not stated by Swan: integration and launch and security.
Facts read on 26 October 2026 from: covergenius.com, covergenius.com/regulatory, covergenius.com/company/about; and swan.io, swan.io/pricing.
Awards follow from the published scores and cannot be bought.
No award in this index.
From each provider's strongest criteria and published terms.
Global retailers, airlines and marketplaces selling cover in many countries.
European software firms wanting accounts and cards under their own brand.
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