HOW TRANSPORTATION INNOVATION IS TRANSFORMING INSURANCE

| March 21, 2019

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Dockless scooters. Bike sharing. Self-flying taxis. The way we move is changing—with big implications for insurance. Lines are blurring right now in the world of transportation on a scale note seen since the days of Henry Ford and the Model T. Services like Uber and Lyft offer transport-as-an-app. Bike sharing services are now available in hundreds of cities. Around the world dockless scooters like Bird are empowering and annoying pedestrians in equal measure. Airbus is even working on a self-flying taxi. Many of these innovations and tech-driven. Yet the fundamental driver of all this change (if you’ll pardon the pun) is not technological but demographic. More than half of the world’s population lives in cities. The United Nations projects that this portion will rise to two thirds by 2050.

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Bamboo is a newly formed insurance organization, backed by some of the largest carriers in the industry, and established on the principles of customer advocacy and transparency. We aren’t looking to reinvent the wheel, but to add some grease that ultimately delivers a smooth and pleasant experience for our Customers.

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