Comparison · 2026 edition
Qover vs Swan: embedded finance compared 2026.
Qover and Swan side by side in the Embedded Finance and Insurance Index 2026: scores, evidence, published facts and awards.
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Qover 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, Qover scores higher overall: 4.2 out of 5 (84 out of 100) against 2.8 (56), ranking 1 and 5 of 14. Qover also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | Qover | Swan |
|---|---|---|
| Score out of 5 | 4.2 | 2.8 |
| Score out of 100 | 84 | 56 |
| Overall rank | 1 of 14 | 5 of 14 |
| For software and platform companies (out of 100) | 81, rank 1 | 56, rank 5 |
| For retailers, travel and marketplaces (out of 100) | 88, rank 1 | 60, rank 6 |
| For regulated firms adding products (out of 100) | 82, rank 1 | 52, rank 6 |
| Type | Embedded insurance platform and insurance agent | Embedded banking platform and e-money institution |
Each score with the evidence behind it.
| Criterion | Qover | Swan |
|---|---|---|
| Product range | 5/5 Five insurance 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 registrations with FSMA and FCA numbers published. | 4/5 Own e-money licence with ACPR identifiers published for France. |
| Geographic reach | 5/5 32 European countries published. | 3/5 Local IBANs in five countries published. |
| Integration and launch | 5/5 API, test key, white-label flow and a stated launch time published. | 4/5 API, free sandbox and white-label app published; no stated launch time. |
| Security | 3/5 ISO 27001 published; SOC 2 not published. | 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 | Qover | Swan |
|---|---|---|
| Products | Insurance solutions: "Accident & health", "Mobility", "Purchase", "Travel" and "Property"; "Since 2016, Qover has helped 440+ brands & insurers cover millions of people." | 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 | "Qover is a Belgian-regulated untied insurance agent"; footer: "FSMA 0650.939.878 FCA: FRN 988985"; UK services "through our local branch, which is authorised and regulated by the Financial Conduct Authority". | "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 | "insurance distribution activities on behalf of insurance companies across 32 countries in Europe" under the Freedom of Services. | Not listed in this index |
| Integration | "Explore our API capabilities and receive your own test key"; "Choose a white-label flow or embed it in your app via API"; "launch in weeks, not months". | "The Sandbox is free to explore!"; "White-labeled banking app (your brand, your settings)"; API explorer and Postman collection. |
| Security | "ISO 27701 & 27001 certified". | 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 Qover: published pricing and security.
Not published or not stated by Swan: integration and launch and security.
Facts read on 26 October 2026 from: qover.com, qover.com/legal-services; 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.
Firms selling cover across Europe and the UK.
European software firms wanting accounts and cards under their own brand.
Tell us what you need and where you operate.