Core Insights - Roadzen Inc. has expanded its partnership with National Insurance Company Ltd. (NICL) to include an additional 4 regional offices for its AI-powered XClaim product, effective January 1, 2025, following strong performance in the initial rollout [1][6] - NICL, which has a total of 34 regional offices, has already integrated 10 offices into Roadzen's platform, indicating a successful implementation and satisfaction with the service [1][3] - The Indian automobile insurance market is growing at approximately 18% annually, with government-owned insurers processing around 1.4 million automobile claims each year, highlighting a significant opportunity for digital transformation in claims processing [2][3] Company Overview - Roadzen Inc. is a global technology company focused on transforming auto insurance through advanced AI, with a mission to enhance claims processing speed and accuracy while improving customer experience [7] - The company has been recognized as a top AI innovator by major publications and operates globally with 360 employees across offices in the U.S., India, U.K., and France [7] - Roadzen's XClaim platform utilizes computer vision for real-time claims resolution, significantly reducing the need for manual surveys and expediting the claims process [4][5]
Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in India