U
nited Risk, a leading MGA platform, has launched Thriver, a new division addressing the real estate industry's need for security deposit waiver insurance. This innovative product integrates seamlessly with property managers' software, providing renters and landlords with relief from high upfront move-in costs.

    Thriver allows renters to pay a fraction of the traditional security deposit, alleviating financial burdens and accelerating the renter sign-on process. Landlords benefit by decreasing property vacancy time, mitigating risk, and reducing rent defaults and damage. Thriver's CEO, Matthew Mayberry, notes that municipalities have enacted "Renter's Choice" laws requiring alternative deposits, with cities like Cincinnati, Atlanta, and Columbus already adopting this legislation.

    Thriver is well-positioned to expand in this growing market, addressing both tenants' and landlords' needs. With a seasoned leadership team and financial strengths, Thriver aims to be a game-changer in the rental market. The company is headquartered in New York's Rockefeller Plaza and utilizes insurance carriers rated 'A-' by AM Best.

    Thriver's launch marks a significant step forward for the real estate industry, providing a solution to the traditional security deposit model. By offering an alternative, renters can save money upfront, while landlords benefit from reduced risk and increased efficiency. With its focus on distribution, branding, and risk management, Thriver is poised to succeed in this space.