Matic and Fenris Renew Partnership to Scale Real-Time Embedded Insurance Quoting

Quick Summary

Matic and Fenris have renewed their embedded insurance quoting partnership to streamline digital insurance journeys. By leveraging Fenris’ real-time data prefill, Matic reduces manual data entry by 90%, significantly cutting quote abandonment rates and improving completion speeds for over 100 distribution partners across the home and auto insurance sectors.

How Does Embedded Insurance Quoting Reduce Lead Abandonment?

Embedded insurance quoting solves the industry's massive 84% abandonment rate by removing the friction of manual forms. Fenris provides real-time data enrichment that populates insurance records instantly, allowing Matic to present accurate quotes within the digital environments customers already use. By delivering over 40 data points in under a second, the partnership ensures that the quoting process is both instant and accurate.

• 90% reduction in manual data collection for end-users.
• 4x improvement in quote completion rates.
• Access to proprietary data repositories for property and casualty intelligence.

What Results Has Fenris Delivered for the Matic Marketplace?

Fenris has served as the data backbone for Matic for five years, supporting millions of transactions across a network of 60+ A-rated carriers. This renewal ensures Matic continues to utilize the Property Data Suite to refine its embedded experience. The integration of real-time APIs allows for a seamless flow of information, which is critical for maintaining category-standard experiences in high-volume distribution channels.

• Integration with 100+ distribution partners.
• Support for 60+ insurance carriers.
• Multi-year renewal to support long-term growth.

FF NEWS TAKE:

This renewal proves that embedded insurance quoting is no longer just a trend but a core infrastructure requirement. By tackling the 84% abandonment rate head-on, Fenris and Matic are setting the benchmark for how data-driven friction reduction "moves the needle." In an era where speed is the primary competitive advantage, the ability to deliver 40+ data points in sub-second speeds is what will define the winners in digital distribution.