Insurtech leader to provide home and auto insurance to HSBC USA customers
Matic, a leading digital insurance agency, and HSBC USA announced a long-term partnership to provide insurance products to HSBC clients. Under the partnership, Matic’s innovative insurance marketplace of over 40 A-rated carriers will be integrated into HSBC Wealth and Personal Banking offerings.
Since its inception, Matic has transformed the landscape of the insurtech industry by integrating insurance within the home and auto ownership experience. Through the partnership, Matic will deploy home and auto insurance across HSBC’s origination, servicing, and banking client channels, supplementing the top global bank’s life insurance offerings currently available to their clients.
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“This is an important step towards delivering meaningful solutions to clients of HSBC that will simplify their daily lives, manage risk, and alleviate the stress of significant life events,” said Irene Blumberg, Managing Director and Head of Insurance for HSBC Wealth and Personal Banking. “This offering will be especially beneficial for our international clients who can rely on this technology for best-in-class insurance products in the US.”
“Coming from the banking industry, we understand the landscape and the fundamental importance of security and sophisticated policies and procedures,” said Matic CEO and co-founder Ben Madick. “We built our technology to leverage data and create a customized user experience with a compliance-driven focus that is critical for the financial industry. We look forward to being a core component of HSBC’s vision of enhancing the customer banking experience.”
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All HSBC Wealth and Personal Banking clients are eligible for home and auto insurance through Matic’s proprietary matching technology. Matic will continue to add new product lines and insurance offerings to meet customer needs within the HSBC banking experience.
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