Matcha unveils new captive option
San Francisco-based Matcha, a technology company focused on specialty property & casualty and alternative risk, has announced a new approach for industries to build and operate their own insurance companies.
Matcha sponsors and administers industry-specific insurance companies (captives and RRGs) and runs them efficiently with tech and AI. The company says that its main value proposition is simple: they administer everything and clients keep more of their insurance profit.
"Every industry can have more control over their insurance. We believe that businesses and industries understand their own risks better than outsiders do," said Bernie Margulies, chief executive of Matcha. "By aligning incentives and controlling risk inside a captive or RRG, organizations can modernize their risk programs without taking on operational complexity. We partner with the best service providers while we handle the technology, data, and day‑to‑day administration."
Matcha's team and network have over 100 collective years of insurance expertise. Coupled with deep knowledge of frontier technology, such as Agentic AI and LLMs, Matcha streamlines onboarding, policy administration, claims workflows, data quality, and reporting.
Matcha works with top licensed captive managers, actuarial firms, TPAs, and other specialists - integrating their work through software, interoperable systems, and audit‑ready processes.
Designed for trade associations, vertical SaaS platforms, and mid‑market companies, Matcha enables members and customers to participate directly in the economics of risk while improving transparency and control, the company said.
“Our role is to make the ecosystem work together,” added Illia Kasian, CTO of Matcha. “Clean data pipelines, interoperable systems, and AI‑driven insights reduce leakage and give stakeholders the timely information they need to manage performance.”
“Insurance is changing, and alternative risk will keep expanding its role,” said Brenden Reeves, COO of Matcha. “With Matcha, organisations focus on growth while we ensure the engine runs.”
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