Core Insights - Roadzen Inc. has partnered with Motion Finance to offer Return to Invoice (RTI) GAP Insurance to customers financing vehicles through Motion Finance, marking a significant expansion in the UK and European embedded insurance market [1][2][3] Group 1: Partnership Details - The partnership allows for seamless integration of GAP Insurance into the vehicle financing process, enabling real-time policy pricing, issuance, payments, and claims management through an integrated platform [2][4] - Motion Finance is part of the Evolution Funding Group, the largest used auto finance platform in the UK, enhancing Roadzen's presence in a technology-led finance and insurance ecosystem [3][5] Group 2: Product Offering - GAP Insurance protects consumers from financial loss when a vehicle is declared a total loss, covering the difference between the insurer's payout and the vehicle's original invoice price [4] - Eligible customers can access up to four years of GAP coverage at the time of purchase, with a fully digital process for policy activation, administration, and claims [4] Group 3: Strategic Importance - The partnership is seen as a key channel for Roadzen, with the CEO highlighting the momentum in UK operations and the establishment of a robust pipeline of partnerships [5] - The collaboration reflects a strategic approach to enhancing customer journeys and integrating insurance into the vehicle ownership experience through AI-powered infrastructure [5]
Roadzen Onboards UK’s Leading Automotive Finance Broker, Motion Finance, to Deliver Embedded GAP Insurance for Vehicle Finance Customers