About

Matic simplifies the process of obtaining home and auto insurance by providing a digital platform that allows consumers to quickly compare quotes from a network of 40 A-rated insurance carriers. Customers enter their information, and Matic's system retrieves various quotes in seconds, helping them find the best rates and save money, with average savings reported at $639. Unlike traditional insurance shopping, Matic streamlines the experience, making it faster and more efficient. The company also partners with mortgage servicing organizations to ensure accurate home information, which enhances the accuracy of the quotes. Matic's goal is to make insurance shopping easy and cost-effective while fostering a positive workplace culture for its employees.

Simplify's Take

What believers are saying

• Matic's strategic partnerships with major mortgage lenders like USA Mortgage and GVC Mortgage expand its market reach and customer base.
• The company's recognition for outstanding workplace culture and product innovation makes it an attractive place to work.
• Matic's ability to offer a wide array of insurance products, including home, auto, umbrella, and pet insurance, provides employees with diverse opportunities for growth and specialization.

What critics are saying

• The highly competitive insurtech market requires Matic to continuously innovate to maintain its edge.
• Dependence on commissions from insurance carriers could be a vulnerability if market conditions change or partnerships dissolve.

What makes Matic unique

• Matic leverages a network of over 40 A-rated insurance carriers to provide a wide variety of quotes in seconds, setting it apart from traditional insurance brokers.
• The company's digital platform streamlines the insurance shopping process, offering significant time and cost savings for consumers.
• Matic's partnerships with mortgage servicing organizations ensure accurate home information, enhancing the precision of insurance quotes.