Bamboo Insurance, a multifaceted insurance organisation aiming to deliver a customer-driven experience, has launched homeowner coverage in Arizona.
Since its launch in 2018, Bamboo has set out to establish a niche for providing reliable, affordable homeowners coverage in disrupted markets.
In states such as Arizona that are susceptible to extreme weather conditions, Bamboo said finding dependable insurance is becoming increasingly difficult.
By leveraging advanced analytics and proprietary underwriting models, Bamboo’s able to offer a new coverage option for Arizona residents that is both reliable and affordable.
Bamboo customers in Arizona will gain access to the organization’s superior support, like its experienced team of insurance advocates and trusted 24/7 claims service.
Bamboo describes itself as a growth-orientate insurance organisation on a mission to deliver an easy and innovative insurance experience, with an “unwavering focus on customer advocacy.” The company uses data and technology to simplify the insurance process, whilst also providing transparency for its partners and policyholders.
John Chu, Bamboo founder and CEO, said, “The launch of our Arizona product represents an exciting milestone in our expansion outside of California. By leveraging our proprietary underwriting models and easy to use technology platform, we’re able to offer customizable coverage, for the right price, to the Arizona market.”
Jonathan Vitale, Bamboo co-founder and vice president of sales, added, “When we started Bamboo, the vision was to push the insurance industry forward by providing quality products and coverage to our insureds. We paired that with a big emphasis on leveraging technology to deliver to our agents an industry-leading quoting platform that is focused on speed, ease of use, and simplicity. We’re thrilled to be able to bring that experience to Arizona.”
In 2021, Bamboo Insurance acquired certain of the assets of title insurance, settlement services and risk solutions provider First American Property and Casualty Insurance Agency (FAPCIA) from parent company First American Financial Corporation.
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