Associated tags: Knowledge, HVAC, Construction, Humidifier, Insurance, Matic, P&C, Policy
Locations: COLUMBUS, OH, OHIO, CALIFORNIA, MARYLAND, HAWAII, MICHIGAN, OREGON, ILLINOIS, NEVADA, UTAH, MASSACHUSETTS, US
Columbus, Ohio, April 18, 2024 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, and USA Mortgage have joined forces in a strategic partnership to provide property & casualty insurance products to USA Mortgage customers.
Key Points:
- Columbus, Ohio, April 18, 2024 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, and USA Mortgage have joined forces in a strategic partnership to provide property & casualty insurance products to USA Mortgage customers.
- Under the partnership, Matic’s innovative insurance marketplace will be integrated into the USA Mortgage home lending experience, allowing borrowers to shop for personalized rates and coverage as part of the mortgage process.
- “This partnership represents a significant milestone in our commitment to provide impactful solutions that enhance the borrower experience,” said Ron Mueller, President of USA Mortgage.
- “Matic was built for the mortgage industry to simplify the insurance shopping process during the home buying experience,” said Ben Madick, CEO and Co-Founder of Matic Insurance.
Columbus, Ohio, March 19, 2024 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, today revealed new findings on the impact of credit restriction laws on home insurance rates across the US.
Key Points:
- Columbus, Ohio, March 19, 2024 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, today revealed new findings on the impact of credit restriction laws on home insurance rates across the US.
- In a study analyzing the correlation between credit scores and home insurance premiums, Matic noted significant differences in the cost of insurance depending on a person’s credit score, particularly in states with no restrictions on the use of credit information by insurance companies.
- According to Matic’s premium and coverage A (Cov A) data collected between June 1, 2022 and March 1, 2024, credit restriction laws help stabilize insurance premiums, but do not completely alleviate the burden on homeowners with lower credit scores.
- For more insights on how the use of credit information has impacted insurance rates and availability, visit matic.com for an in-depth report .
Retrieved on:
Tuesday, February 13, 2024
Columbus, Ohio, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, and GVC Mortgage announced today a strategic partnership to provide P&C insurance products to GVC Mortgage customers.
Key Points:
- Columbus, Ohio, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, and GVC Mortgage announced today a strategic partnership to provide P&C insurance products to GVC Mortgage customers.
- Since its go-to-market launch in 2017, Matic has trailblazed the concept of embedded insurance, removing friction from the insurance process for mortgage entities and borrowers.
- GVC Mortgage joins over 100 top lenders, servicers, and banks — representing 20% of loans processed in the US — that partner with Matic to simplify the insurance buying experience.
- In addition to home and auto insurance, Matic will offer umbrella, flood, dwelling fire, and other personal lines of insurance to meet the needs of GVC Mortgage customers.
Columbus, Ohio, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, and Paramount Residential Mortgage Group (PRMG), a top national mortgage lender, announced today an exclusive partnership to offer Property & Casualty (P&C) insurance products to PRMG customers.
Key Points:
- Columbus, Ohio, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, and Paramount Residential Mortgage Group (PRMG), a top national mortgage lender, announced today an exclusive partnership to offer Property & Casualty (P&C) insurance products to PRMG customers.
- Solidifying our partnership and expanding Matic throughout PRMG will help us streamline our operations and simplify the homeownership journey for borrowers."
- Under the partnership, PRMG customers will have access to a variety of insurance products, including home, auto, umbrella, flood, dwelling fire, pet, and other personal lines of insurance.
- "As the insurance and mortgage industries face increased volatility, more lenders are turning to Matic to provide their borrowers with options.
Retrieved on:
Tuesday, December 12, 2023
Matic,
Housing,
Marketing,
Policy,
Entrepreneurship,
DTI,
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Insurance,
Climate change,
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Real estate Additionally, the report notes that mortgage lenders in particular have faced increased challenges within their loan processes due to the difficult insurance market, as home insurance is a requirement to secure a mortgage.
Key Points:
- Additionally, the report notes that mortgage lenders in particular have faced increased challenges within their loan processes due to the difficult insurance market, as home insurance is a requirement to secure a mortgage.
- The report covers findings from a recent Matic survey, indicating that 79% of mortgage lenders experienced an increase in problems with home insurance in the last year.
- Specifically, record-level insurance rates impacted mortgage eligibility for borrowers, with 68% of lenders noting that home insurance caused an issue related to a borrower’s debt-to-income (DTI) ratio.
- Mortgage lenders could continue to face challenges with insurance related to DTI, mortgage eligibility, and delayed closings in 2024.
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Wednesday, October 11, 2023
Partnership,
Fintech,
Weather,
Insurance,
Entrepreneurship,
RFP,
Growth,
P&C,
Digital,
Assurant,
Financial services,
Matic Columbus, Ohio, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Matic, a leading embedded insurtech platform, announced it raised $20 million as an extension to its Series B.
Key Points:
- Columbus, Ohio, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Matic, a leading embedded insurtech platform, announced it raised $20 million as an extension to its Series B.
- The round includes $17 million in Series B equity co-led by IA Capital Group and Cultivation Capital with participation from existing investors and the majority led by new investors, including Intuit Ventures, TruStage Ventures, and Assurity Ventures.
- The round is underscored by Matic doubling its valuation since their 2020 Series B raise and track record of averaging 100%+ revenue growth over the past five years.
- "Despite the macroeconomic environment and challenging insurance market, Matic continues to profitably grow," said Ben Madick, CEO and Co-Founder of Matic.
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Wednesday, October 4, 2023
Columbus, Ohio, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, and New American Funding, one of the nation’s largest privately owned mortgage lenders, announced today a strategic partnership to provide property & casualty insurance products to New American Funding customers.
Key Points:
- Columbus, Ohio, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, and New American Funding, one of the nation’s largest privately owned mortgage lenders, announced today a strategic partnership to provide property & casualty insurance products to New American Funding customers.
- Through this exclusive collaboration, Matic will extend its innovative insurance marketplace, featuring 50 A-rated carriers, to become a core offering within New American Funding's mortgage originations and loan servicing lifecycle.
- "This partnership represents our commitment to providing valuable solutions to New American Funding customers, enhancing their everyday experiences," said New American Funding Chief Strategy Officer Jeff Kvalevog.
- In addition to home and auto insurance, Matic will offer umbrella, jewelry, flood, dwelling fire, pet, and other personal lines of insurance to meet customer needs within the New American Funding lending and mortgage servicing experience.
Retrieved on:
Thursday, September 7, 2023
Columbus, Ohio, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, and Dart Bank announced today a strategic partnership to provide P&C insurance products to Dart Bank customers.
Key Points:
- Columbus, Ohio, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, and Dart Bank announced today a strategic partnership to provide P&C insurance products to Dart Bank customers.
- Through this exclusive partnership, Matic will deploy home and auto insurance across Dart Bank’s mortgage originations, servicing, and banking channels.
- "This partnership represents a significant milestone in our pursuit of delivering meaningful solutions to the clients of Dart Bank that will enhance their daily lives," said Bryan Clark, Sr. Vice President of Mortgage Banking, Dart Bank.
- In addition to home and auto insurance, Matic will offer umbrella, jewelry, flood, dwelling fire, and other personal lines of insurance to meet customer needs within the Dart Bank banking, lending, and mortgage servicing experience.
Additionally, the report notes a record year-over-year increase in annual home insurance premiums for both new policyholders and renewal business.
Key Points:
- Additionally, the report notes a record year-over-year increase in annual home insurance premiums for both new policyholders and renewal business.
- The data in the report underscores the recent trends the volatile insurance market has experienced.
- It’s important to note that less than 10 home insurance carriers offer the ability to bind a policy 100% online.
- States that collaborate effectively with insurance companies can expect to maintain relatively healthy product availability with steeper premiums.
LOS ANGELES, April 10, 2023 /PRNewswire-PRWeb/ -- Matic Construction, the company formerly known as 310 Builders, is expanding to offer their services across the nation. Founder Michael Jay and his partner Taylor Zenter have shown no signs of slowing down since the inception of their newly renamed construction company. Over the past ten years, they have specialized in the construction of cultivation facilities with over 150 builds credited to them. While they have been mostly local to the Los Angeles area, this expansion allows them to bring their services to a wider market.
Key Points:
- Matic Construction, a top provider of commercial and industrial installations, expands their services nationwide.
- LOS ANGELES, April 10, 2023 /PRNewswire-PRWeb/ -- Matic Construction , the company formerly known as 310 Builders, is expanding to offer their services across the nation.
- Their recent name change marks not only their nationwide expansion, but also their plans to expand into new industries.
- As the transition from 310 Builders to Matic Construction continues, you can connect with them on Instagram @maticbuilt or on their new website http://www.maticbuilt.com .
