Bamboo Insurance, a homeowners insurance provider with a technology-driven model, has announced a partnership with Accredited, a specialty insurer.
The collaboration introduces Bamboo’s new E&S Signature product, designed to broaden coverage options for homeowners in California.
As several insurers scale back operations in the state, Bamboo is maintaining its presence and expanding offerings.
The partnership combines Bamboo’s digital underwriting capabilities with Accredited’s financial resources and program expertise to deliver non-admitted homeowners insurance for California residents.
Since 2018, Bamboo has used data and technology to provide insurance solutions to thousands of households. The new partnership continues that approach by aiming to increase access to transparent and customised coverage.
“California’s insurance landscape remains volatile, leaving many homeowners with few options,” added John Chu, CEO of Bamboo Insurance. “With E&S Signature, we’re enhancing our commitment to California – providing homes with protection when other insurers back away. Bamboo, in partnership with Accredited, is stepping up to make coverage more available, affordable, and tailored to real needs.”
Grace Meek, President of Accredited America, stated: “We’re proud to join forces with Bamboo to launch E&S Signature. Our financial backing and programme expertise, combined with Bamboo’s tech-enabled underwriting, will help meet critical demand and deliver reliable insurance where it’s most needed.”
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