Bamboo

What Bamboo does

Bamboo Insurance is a technology-enabled Managing General Underwriter (MGU) founded in 2018 by John Chu and headquartered in Midvale, Utah, with primary underwriting operations in California and Texas. The company offers property-casualty insurance products including homeowners (HO-3 and HO-5), condominium (HO-6, launched April 2026), dwelling fire (DP-1, DP-3), and renters (HO-4) policies, distributed through two channels: a direct-to-consumer Bamboo Insurance Agency and an agent/producer MGU platform serving independent insurance agents and brokers. Customers also access rate quotes via phone at (833) 922-6266 and through online portals for policy service and billing.

Bamboo's core technology is an AI-powered underwriting engine that integrates 200+ data points with AI-enabled analytics to drive granular risk selection, accurate pricing, real-time aggregation control, and disciplined exposure management across catastrophe-exposed property risks. The platform emphasizes modern architecture and streamlined workflows that deliver faster quote-to-bind timelines without sacrificing underwriting rigor. Capacity is supplied through a diversified ecosystem of carrier, reinsurance, and ILS partners including Lloyd's, Incline P&C Group, Accredited Insurance, Sutton National, Obsidian Specialty, and Concert Group. Supporting risk-mitigation integrations include Whisker Labs' Ting fire prevention sensors, Phyn Plus smart water leak detection, and jewelry coverage through Jewelers Mutual.

The business model generates revenue from insurance premiums managed through the MGU platform and from commissions on policies sold through the Bamboo Insurance Agency, billed monthly on a subscription-style cadence. Pricing is quote-based and customized to individual risk profiles, with availability varying by state. Following CVC Capital Partners' acquisition of an approximately 84% controlling interest from White Mountains Insurance Group at a $1.75 billion enterprise valuation in Q4 2025, Bamboo continues geographic and product-line expansion, having grown to serve over 75,000 policyholders with $105 million in managed premiums as of September 2022 and three consecutive years on the Inc. 5000 list.

Name

Bamboo

Legal name

Bamboo Ide8 Insurance Services, LLC

Website

https://bambooinsurance.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

251–500 employees

Short description

Bamboo Insurance is a technology-enabled managing general underwriter providing AI-powered homeowners, condo, dwelling fire, and renters insurance in California and Texas, distributed through a direct-to-consumer agency and an independent agent MGU platform.

Ownership category

akta.pro rank

Product category

Property & Casualty Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industry

Digital Distribution & Comparison Platforms (Aggregators/Marketplaces) (FSAGAGAA)

Keywords

• Homeowners insurance
• Managing general underwriter
• Property casualty insurance
• Insurtech platform
• Condominium insurance

Headquarters

HQ city

Midvale

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premiums: Bamboo operates as a Managing General Agency (MGA/MGU) earning revenue from insurance premiums on property and casualty insurance products including homeowners, dwelling fire, renters, condo, and auto insurance policies underwritten through capacity partners.
2. Agency Services: Bamboo Insurance Agency provides insurance distribution services, helping customers find coverage through a network of trusted carriers nationwide, earning commissions on policies sold.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Bamboo Insurance is a technology-enabled Managing General Underwriter (MGU) that underwrites and distributes property and casualty insurance products, including homeowners (HO-3, HO-5), condominium (HO-6), dwelling fire (DP-1, DP-3), and renters (HO-4) coverage, primarily in California and Texas. The company combines an AI-powered underwriting engine that integrates 200+ data points with a modern digital platform to deliver fast, accurate quotes and risk-based pricing. Distribution operates through a direct-to-consumer agency and an agent/producer MGU platform, supported by partnerships with highly rated carrier, reinsurance, and ILS capacity providers.

Product overview

Bamboo is a technology-enabled Managing General Underwriter (MGU) offering property-casualty insurance products primarily for homeowners in catastrophe-exposed markets. The core product portfolio includes HO-3 and HO-5 homeowners insurance, HO-6 condominium insurance (launched April 2026), dwelling fire (DP-1, DP-3) and renters insurance (HO-4), all available in California and Texas. Distribution operates through two primary channels: the Bamboo Insurance Agency (direct-to-consumer) and an Agent Portal for producer partners to quote and service policies. Supporting platforms include an Online Account Portal for policyholder self-service, a Payment Center, and a Support Hub. Add-on products and integrations include Jewelry Replacement Insurance via Jewelers Mutual partnership, Phyn Plus smart water leak detection with premium discounts, and the Ting fire prevention program. The company combines AI-powered underwriting with over 200 data points for risk selection, and operates a diversified capacity ecosystem of carrier, reinsurance, and ILS partners.

Differentiator

Problem solved

Functional benefit

Brands

• Bamboo Insurance Agency: Insurance agency division that helps customers find coverage options through a network of trusted carriers nationwide, offering home, renters, and auto insurance

Products and services

• Bamboo Homeowners Insurance (HO-3, HO-5) Primary homeowners insurance products (HO-3 standard and HO-5 broader coverage) providing financial protection against fire, theft, weather-related damage, and liability for property owners in California and Texas, including catastrophe-exposed markets.
• Bamboo Condominium Unit-Owners (HO-6) Insurance Condominium insurance policy covering what HOA master policies typically do not, including the unit's interior, personal belongings, and personal liability. Available in California with optional enhancements such as personal property replacement cost and loss assessment coverage.
• Bamboo Dwelling Fire Insurance (DP-1, DP-3) Dwelling fire insurance products for property owners: DP-1 for vacant properties and DP-3 for occupied tenant properties (landlord insurance). Available in California and Texas.
• Bamboo Renters Insurance (HO-4) Renter's insurance protecting the belongings of someone renting a home or apartment against damage or theft, with coverage for alternative living arrangements if the rental becomes uninhabitable. Available in Texas.
• Bamboo Insurance Agency Direct-to-consumer insurance agency platform providing personalized insurance quotes and coverage options through experienced agents. The agency leverages Bamboo's own insurance products and a network of trusted carriers to find coverage nationwide, even in states where Bamboo-issued policies are not available.
• Bamboo Agent Portal Partner-facing platform for independent insurance agents and producers to quote, bind, and service Bamboo property insurance policies in California and Texas. Includes policy management, client information access, and appointment request capabilities.
• Bamboo Online Account Portal Policyholder self-service portal providing access to digital policy documents, billing status, messaging, payment center, and account preferences for Bamboo insurance customers.
• Bamboo Payment Center Online payment portal allowing policyholders to make one-time payments or set up automated payments for Bamboo insurance policies, with separate flows for policies with or without dashes in the policy number.
• Bamboo Support Hub Customer support knowledge base providing resources for general questions, claims, account management, downloadable resources, and insurance education content including Insurance 101 guides for renters, homeowners, and auto insurance.
• Bamboo Jewelry Replacement Insurance (Jewelers Mutual partnership) Specialized jewelry insurance offered through partnership with Jewelers Mutual, providing replacement cost coverage rather than reimbursement, with policyholder choice of jeweler and specialist claims handling.
• Bamboo Phyn Plus Smart Water Leak Detection Program Smart water monitor and leak detection device offered through partnership with Phyn, installed on the main water line to detect leaks and automatically shut off water. Qualifying California homeowners (HO3 and E&S) receive a 10% premium discount and 15% off the device.
• Bamboo Ting Fire Prevention Program Free fire prevention program providing Whisker Labs' Ting fire hazard sensors to policyholders. Ting detects electrical hazards in the home that could lead to fires and alerts homeowners through a mobile app.

Quantifiable outcome

• 3-year revenue growth of 309%
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability4 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Incline P&C GroupcoreStrategic or Co-development Partner · 1 April 2025Strategic partnership to expand home insurance options in California. Leverages Bamboo's underwriting platform and Incline's financial strength to provide additional capacity for admitted and non-admitted homeowners programs, enabling Bamboo to begin underwriting effective immediately.
• Accredited InsurancecoreStrategic or Co-development PartnerStrategic partnership to expand homeowners coverage in California. Accredited provides financial strength and capacity for Bamboo's underwriting operations.
• Sutton NationalminorChannel Partner/ Reseller/ DistributorCapacity and partnership relationship for insurance products.
• Bolt InsuranceminorGTM or Marketing PartnerPartnership providing smartphone protection products to Bamboo customers through bolt's technology-enabled insurance exchange.
• PhynminorGTM or Marketing PartnerSmart water monitor partnership offering Phyn Plus device to Bamboo homeowners policyholders in California. Provides 10% discount on Bamboo homeowners policy and 15% off Phyn Plus device.
• Jewelers MutualminorGTM or Marketing PartnerPartnership for jewelry replacement insurance, offering specialized coverage that goes beyond standard homeowners policy reimbursement with replacement cost options.
• Super Home WarrantyminorGTM or Marketing PartnerHome warranty partnership providing additional protection options for homeowners alongside Bamboo insurance coverage.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Hippo Insurance: Hippo is a tech-enabled homeowners MGU using AI-driven underwriting and a smart-home partnership ecosystem. Directly comparable to Bamboo on MGU model, technology-led underwriting, and homeowner focus in catastrophe-exposed states.
• Kin Insurance: Kin is a direct-to-consumer insurtech focused on homeowners in catastrophe-exposed markets (Florida, Gulf states), using data-driven underwriting. Highly comparable to Bamboo's catastrophe-focused, technology-led homeowners strategy.
• Openly: Openly is a tech-enabled MGU focused on high-value homeowners insurance distributed exclusively through independent agents. Directly comparable to Bamboo's agent-channel MGU model and tech-driven underwriting approach.
• Lemonade: Lemonade is a digital-first insurance carrier offering homeowners, renters, and auto with AI-driven underwriting and a direct-to-consumer model. Comparable to Bamboo on insurtech positioning and personal-lines focus, though Lemonade is a carrier rather than an MGU.
• Palomar Holdings: Palomar is a specialty insurer/MGU using proprietary data and analytics for catastrophe-exposed lines (earthquake, wind, flood). Highly comparable to Bamboo's specialty property insurance and analytics-driven approach.
• Branch Insurance: Branch is an insurtech MGU offering home, auto, and umbrella through a bundled, agent-distributed model with proprietary instant-quoting technology. Directly comparable to Bamboo's MGU-plus-agent-channel approach in personal lines.
• Root Insurance: Root is a tech-driven insurance carrier using data analytics and mobile telematics to underwrite personal lines (auto and homeowners). Comparable to Bamboo on the insurtech, data-led underwriting thesis in personal property and casualty.

Emerging players

• Next Insurance: Next is a digital insurance carrier serving small businesses with simplified online quoting. Comparable to Bamboo on the insurtech, digital-first distribution thesis, though Next focuses on commercial rather than personal lines.

Broad incumbents

• Allstate: Allstate is a national P&C incumbent with large homeowners and auto books and broad geographic reach. Comparable as a competitor in CA/TX homeowners, with vastly greater scale but less specialization in catastrophe-exposed segments.
• Travelers: Travelers is a national P&C incumbent with significant personal and commercial property exposure. Comparable as a legacy competitor in homeowners, with deeper geographic reach but slower technology iteration than Bamboo.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BambooIns
• LinkedInlinkedin.com/company/bamboo-insurance
• Instagraminstagram.com/bamboo_insurance
• Xx.com/BambooIns

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bamboo