The data-driven cloud platform, Bambi Dynamic is launching its first deployment of its platform for insurers and mobility providers. Including its most recent closing of Series A round- Bambi has secured $6 million funding to expand its global offering.  The Phoenix Insurance company and MS&AD Ventures were part of the latest funding round.

“The digital revolution is sweeping industries across the board, and the insurance industry is no exception,” says Moshe Pinto, CEO & Co-Founder of Bambi Dynamic. “We are honored to have secured funding from MS&AD Ventures and The Phoenix and to have partnered with The Phoenix to help catalyze the growing shift from legacy auto insurance to the next generation of customer-centric products for insurance and mobility companies.” 

Bambi Insurance Platform (BIP) offers end-to-end, white-label solution for the personalized mobility insurance products. Also, Bambi's cloud-based software permits the insurers and mobility service providers to provide their customers easy-to-use digital products covering existing and future mobility models that include personal and commercial vehicle insurance as well. Through its flexibility to connect with multiple data providers and connectivity devices, the company offers personalized premiums according to individual user data, on-demand activation and deactiviation, driver safety scores and more. 

Ron Shvili, Executive VP, Chief Technology, Information systems and Innovation Officer, The Phoenix Insurance Company  says, “Phoenix Insurance is the leading insurance company in Israel. We are constantly developing cutting-edge Insurtech technologies for the benefit of our clients and business environment. Bambi’s technology enables us to offer our customers game-changing personal and commercial auto insurance products, and provides us with a competitive advantage for meeting the complex technological and logistical needs insurers must adopt to address the ever-evolving mobility ecosystem. We are excited to offer ‘The Phoenix Drive’ as our first product in partnership with Bambi to help improve the experience of our customers with a personal auto insurance product that is user-friendly, personalized and cost-effective.” 

Bambi has partnered with The Phoenix to advance its digital offering and to launch its platform across the globe. The first product under  the partnership, 'The Phoenix Drive' - a pay-as-you-go, a private vehicle insurance solution has been launched. Alongside, the usage-based insurance (UBI) product, powered by BIP offers a mobile or web on-boarding sales and underwriting portal for customers as well as insurance agents.

“Bambi’s team of veteran entrepreneurs has really impressed us. We believe the Bambi Insurance Platform’s focus on the modern mobility environment is laying the groundwork to build a multitude of digitized, personalized and scalable products for P&C insurance,” says Jon Soberg, Managing Partner of MS&AD Ventures.