Matic to enhance property & casualty insurance offerings for PRMG customers
By Global FinTech Series News DeskÂ
Matic, a digital insurtech platform, and Paramount Residential Mortgage Group (PRMG), a national mortgage lender, announced an exclusive partnership to offer Property & Casualty (P&C) insurance products to PRMG customers.Â
The partnership will bring Matic’s innovative marketplace of over 40 A-rated carriers to PRMG homebuyers through an enterprise-level embedded solution, creating a seamless and efficient process for borrowers to access personalised insurance offerings. Through a new integration, PRMG customers can shop for and purchase insurance within the loan originations experience.
“Since 2018, PRMG loan officers have been leveraging Matic’s integrated technology to provide insurance options for their borrowers,” said Kevin Peranio, Chief Lending Officer, PRMG. “Matic’s marketplace reduces the time it takes to shop for and purchase insurance, ensuring the loan process stays on track. Solidifying our partnership and expanding Matic throughout PRMG will help us streamline our operations and simplify the homeownership journey for borrowers.”
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Matic’s embedded insurance technology empowers borrowers to compare rates and coverage during key moments of the homeownership journey, allowing them to identify the best option for their unique needs. 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.
“Matic’s digital marketplace was designed to sustain downturns in the housing and insurance markets,” said Ben Madick, CEO and Co-founder of Matic. “As the insurance and mortgage industries face increased volatility, more lenders are turning to Matic to provide their borrowers with options. We’re excited to extend our partnership with PRMG to meet customer needs during the lending experience.”
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