Matic

Congratulations to one of our Senior Advisors, Wilson, for being chosen as our Matician of the Month! 🎉 See what his teammates had to say about him ⬇️

📝 New report: Matic's mid-year premium trends report covers challenges within the US home insurance market and the impact on homeowners, mortgage entities and the housing market as a whole. Key findings include: ✔️ Homeowners saw unprecedented increases in premiums during the first half of 2024. New policyholders faced an average rate hike of 17%, while renewing policyholders experienced an average increase of nearly 26%. 💰 ✔️ Carrier exits and restrictions continue to influence policy options, leading to a 27% drop in the number of quotes available per person from June 2023-June 2024. 📉 ✔️ Premiums are rising faster than coverage amounts, resulting in reduced value for policyholders and a higher risk of underinsurance. 📈 ✔️ The mortgage industry continues to face problems with insurance, with 63% of lenders reporting that at least one borrower they recently worked with had a problem securing home insurance. 🏠 Read the full report to dive into these trends, learn how regulators and related industries are responding, and understand where the market could be headed: https://lnkd.in/g_xCYYY8 #Insurance #InsuranceTrends #HomeownersInsurance #HomeInsurance #HomeInsuranceTrends #Insurtech #MortgageIndustry

Last quarter, The Matic Cares Foundation was thrilled to support local organizations focused on LGBTQIA+ youth and housing insecurity. In partnership with Matic's Pride ERG, we collected nearly 500 food and toiletry items for Kaleidoscope Youth Center and One n ten Community Center. Thanks to everyone who participated!  Learn more about these incredible organizations and consider supporting their missions below ⬇ Kaleidescope Youth Center: https://www.kycohio.org/  One n ten Community Center: https://onenten.org/ You can learn more about the Matic Cares Foundation here: https://lnkd.in/g5h8VZNw

Navigating the home insurance market can be challenging, especially in states like California where regulations and severe weather add extra complications. Matic CEO Benjamin Madick knows this firsthand, having dealt with multiple non-renewals and significant premium increases for his own home. In a recent interview, he shared insights on the current market, the issues Matic aims to address, and why mortgage entities should care about insurance. Read the Q&A here: https://lnkd.in/ezWmGf5s

Twice a year, we celebrate exceptional team members who live and breathe Matic's core values. Recently, we recognized seven team members who exemplify the core values of quality, transparency, and fun. Congratulations to all the Maticorn award nominees! 🎉🥳

Kicking off the weekend by celebrating the success of one of our partnerships! 🌟 A leading mortgage servicer transformed their insurance operations by shifting from an internal agency model to partnering with Matic, resulting in: ✅ An improved customer experience ✅ Enhanced operational efficiencies ✅ Revenue growth Read the full story here 🚀 : https://lnkd.in/d6WQKpSY

Matic's network of 40+ A-rated home and auto insurance carriers makes it fast and easy for customers to find a policy, but we couldn't do it without our insurance advisors. ❤️ Thank you to our insurance advisors for the five-star customer support you offer our customers every day!

Congratulations to the nine incredible employees who were recently promoted across Matic! 🚀 Join us in congratulating: 🎉 Julia B. - Middle Engineer Ruby 🎉 Karina D. - Senior Engineer QA 🎉 Solomiya S. - Expert Engineer QA 🎉 Roman M. - Senior Team Lead QA 🎉 Oles K. - Designer 🎉 Sasha V. - Senior Product Manager 🎉 Brittany H. - People Operations Specialist 🎉 Kendall O. - Advisor II 🎉 Frankie C. - Advisor II Thank you for your continued contributions — Matic is lucky to have you!

Summer's off to an amazing start at Matic! 😎 We just wrapped up our mid-year all hands celebrations across offices, reflecting on the last six months and honoring team members who most embody our core values of quality, transparency, and fun. 2H 2024, here we come 🚀

Exciting news! Matic CEO Benjamin Madick has been recognized as an Inman Best of Finance winner for 2024. This award recognizes leaders who have demonstrated a commitment to innovation and measurable impact in the mortgage and finance space. Congratulations to all the winners! See the full list here: https://lnkd.in/ePWK4gjZ