Slide Insurance

Slide Insurance

Customizable homeowners insurance solutions

About Slide Insurance

Simplify's Rating
Why Slide Insurance is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Financial Services

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$410M

Headquarters

Tampa, Florida

Founded

2021

Overview

Slide Insurance provides customizable homeowners insurance products specifically for clients in Florida and South Carolina. Their offerings include various coverage options such as additional living expenses, protection for jewelry and valuables, hurricane screen enclosure, and water backup overflow. This flexibility allows homeowners to tailor their insurance to meet their specific needs and budgets. The company operates on a direct-to-consumer model, enabling clients to select their coverage and file claims directly, which streamlines the insurance process. Slide Insurance is distinguished from competitors by its focus on personalized coverage and its strong financial stability, evidenced by a Demotech Financial Stability Rating of "A" and a $1 billion reinsurance program. The goal of Slide Insurance is to provide homeowners with peace of mind and financial protection through accessible and tailored insurance solutions.

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Simplify's Take

What believers are saying

  • Partnership with Tampa Bay Buccaneers enhances brand visibility and local market presence.
  • $175 million senior credit facility strengthens financial position for growth and expansion.
  • $210 million cat bond increases reinsurance protection for hurricane-prone areas.

What critics are saying

  • Increased competition from InsurTech startups may erode market share.
  • Rising hurricane frequency in Florida could lead to higher claims payouts.
  • Regulatory changes in Florida may increase operational costs for Slide Insurance.

What makes Slide Insurance unique

  • Slide Insurance offers customizable coverage tailored to individual homeowner needs.
  • Direct-to-consumer model simplifies insurance processes for Florida and South Carolina homeowners.
  • Financial stability with 'A' rating and $1 billion reinsurance program ensures claim payouts.

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Funding

Total Funding

$410M

Above

Industry Average

Funded Over

2 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Lifestyle Spending Account

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

9%
Coverage
Jul 16th, 2024
Slide Partners With The Tampa Bay Buccaneers

The Tampa Bay Buccaneers and Tampa-based home insurance company. Slide Insurance <i class="fa fa-info-circle company-popover" data-content="h3Slide Insurance/h3. div

Reinsurance News
Jun 27th, 2024
Slide secures $175m senior credit facility

Slide secures $175m senior credit facility.

Coverage
Jun 27th, 2024
Slide Insurance secures $175 million senior credit facility

Slide Insurance secures $175 million senior credit facility.

Coverage
Jun 27th, 2024
Slide Insurance secures $175 million senior credit facility

The facility led by Regions Bank.

Business Wire
May 22nd, 2024
Slide Places Reinsurance Program Ahead Of Hurricane Season

TAMPA, Fla.--(BUSINESS WIRE)--Slide Insurance announced today that it has successfully completed its $1.86 billion reinsurance program for the 2024 Atlantic hurricane season. Slide’s reinsurance program, which exceeds all regulatory and rating agency requirements, protects Slide Insurance Company to the 175-year return period and includes all perils coverage and third-event protection. “Slide’s oversubscribed reinsurance program underscores our commitment to delivering a stable solution to the Florida market," said Bruce Lucas, Founder and CEO of Slide. "We deeply appreciate our reinsurance partners' ongoing support and are excited to continue growing and supporting Florida homeowners by providing a reliable property insurance option."

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