Ben Madick is the Co-founder and CEO of Matic Insurance, a pioneering digital insurance marketplace designed specifically for the mortgage industry. Driven by his extensive background in correspondent lending and compliance risk management, Madick built Matic to address the delays in loan closing due to insurance proofing. Matic streamlines the insurance process for consumers, lenders, and servicers by embedding insurance seamlessly into the homeownership journey, ensuring a fluid and efficient experience.
Madick’s professional journey began at Bank of America in correspondent lending before co-founding MQMR, a compliance risk management firm for mortgage lenders. Identifying a critical need in the insurance domain, he launched Matic in 2017, rapidly growing the company’s revenue, valuation, and team size. Today, Matic boasts a Net Promoter Score of 90, owing to Madick’s emphasis on customer-centric services and innovative digital solutions.
Recognized as a “Best CEO” by Comparably in 2024, Madick is lauded for fostering a culture of teamwork and transparency at Matic. His leadership has earned the company numerous workplace accolades, including Newsweek’s Top 100 Most Loved Workplaces and Columbus Business First’s Best Places To Work.
Beyond his role at Matic, Madick created the Matic Cares Foundation in 2019, furthering his commitment to social responsibility. The foundation organizes quarterly charitable initiatives, supporting causes such as The Trevor Project, Wounded Warrior Project, and more.
Madick also advises MQMR and invests in early-stage startups, primarily in insurance and fintech sectors, sharing his strategic insight and leadership expertise.
At Matic, Madick’s vision has cultivated an insurance marketplace with over 70 carriers, including partnerships with major national and regional insurers. These partnerships have enabled Matic to simplify and accelerate the insurance buying process, yielding significant cost savings for customers—more than $13 million last year alone.
In 2024, Matic’s research and insights gained significant media attention, a testament to Madick’s industry influence. His accolades include HousingWire awards and Inman’s Best of Finance Award, highlighting him as a dynamic leader within the insurtech space.
What’s the best piece of advice you’ve ever received?
Focus on the problem, not the solution. This guidance has shaped how I lead and make decisions at Matic. We dig deep to understand the root of any issue, always tackling the “why” before coming to a solution. Taking this approach ensures that our solutions are not just quick fixes but are truly effective and sustainable, leading to continuous improvement and innovation.
Name:
Ben Madick
Title:
CEO and Co-founder
Company Name:
Matic
