Ben Madick’s extensive experience in correspondent lending and compliance risk management propelled him to create Matic Insurance. Under Madick’s leadership, Matic has simplified insurance for consumers, lenders and servicers, trailblazing the concept of “embedded insurance” and creating a buying process that fits naturally within the homeownership experience. Madick’s early career began in correspondent lending at Bank of America. After co-founding MQMR, a firm that performs compliance risk management and audit support to mortgage lenders and banks of all sizes, Madick identified a problem with loan closing delays due to proof of insurance not being in place. Applying his extensive mortgage experience, he created Matic to simplify the world of insurance. Since the go-to-market launch in 2017, Matic has experienced high growth based on revenue, valuation and team size while maintaining an off-the-charts Net Promoter Score of 90 among Matic policyholders. Madick is passionate about creating a culture of teamwork, transparency and fun. In 2023, Madick was named a “Best CEO For Women” by Comparably — a nationwide workplace culture platform that selected the top 100 CEOs across 70,000 companies. Matic was also named a “Best Place to Work” for five years in a row by Columbus Business First, a direct result of Madick’s focus on cultivating a positive culture. Matic’s new west coast hub in Phoenix also received a “Best Place to Work” award by the Phoenix Business Journal in 2022.
What one habit has made a crucial difference in your success?
Making work fun. Infusing fun into team activities such as offsites, meetings and virtual gatherings with emojis and virtual backgrounds can help foster a culture of trust and employee happiness. Finding ways to have fun every day at work keeps motivation high, reduces stress and ultimately contributes to a positive environment.
Name:
Ben Madick
Title:
Co-Founder and CEO
Company Name:
Matic Insurance
