Are you an insurance executive looking to enhance the lending and mortgage servicing experience for your customers? Look no further than Matic, a leading digital insurtech platform that has transformed embedded insurance technology by seamlessly integrating its digital solutions into the home and auto ownership experience.

Matic has recently announced a strategic partnership with New American Funding, one of the nation’s largest privately owned mortgage lenders, 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.

As an insurance executive, you can learn from Matic’s approach and streamline the insurance purchasing process for your mortgage customers. Here are five steps to follow:

Step 1: Partner with a Digital Insurtech Platform

Partner with a digital insurtech platform like Matic to simplify the insurance purchasing process across key moments throughout the homeownership journey. By integrating insurance within the home and auto ownership experience, you can enhance the lending and mortgage servicing experience for your customers.

Step 2: Offer a Robust Carrier Network

Offer a robust carrier network like Matic’s featuring 50 A-rated home and auto carriers. This will help your customers understand coverage options and identify savings.

Step 3: Provide Advanced Quoting Technology

Provide advanced quoting technology like Matic’s to simplify the insurance purchasing process for your customers. This will save them hours of work and over 30% in premiums each year.

Step 4: Offer Personal Lines of Insurance

Offer personal lines of insurance like Matic’s umbrella, jewelry, flood, dwelling fire, pet, and other personal lines of insurance to meet customer needs within the lending and mortgage servicing experience.

Step 5: Advocate for Policyholders

Advocate for policyholders like Matic does by creating an easy and transparent shopping process. This will help build trust with your customers and enhance their everyday experiences.

By following these five steps, you can streamline the insurance purchasing process for your mortgage customers and enhance the lending and mortgage servicing experience. Don’t take chances with attention, partner with a digital insurtech platform like Matic to turn real-time data into insurance.

To learn more about Matic’s exclusive partnership with New American Funding, check out the original article. And if you’re interested in developing parametric insurance for your given case, get in touch with Riskwolf. With Riskwolf, you can turn real-time data into insurance. Using unique real-time data and dynamic risk modelling, we enable insurers to build and operate parametric insurance at scale. Simple. Reliable. Fast.