Core Insights - Roadzen Inc. has secured a mandate to act as a Managing General Agent for a top five global automaker, managing its insurance program in a major European market [1][2] - The partnership is expected to generate over $20 million in annual gross written premiums, contributing more than 15% of gross written premiums as recurring revenue for Roadzen [2][4] - The automaker's selection of Roadzen reflects confidence in its AI-driven technology and operational excellence, with the program set to launch next quarter [3][4] Company Overview - Roadzen is a leader in AI technology at the intersection of insurance and mobility, providing solutions that help predict and prevent risk, automate claims, and deliver embedded insurance experiences [5][6] - The company has been recognized as one of the world's top AI innovators, with a diverse client base including leading insurers, carmakers, and fleets [6] - Headquartered in Burlingame, California, Roadzen employs over 300 people across the U.S., U.K., and India [7]

Core Insights - Roadzen Inc. has partnered with a major UK independent retailer to offer GAP Insurance to over 60,000 vehicle buyers annually, integrating this service into the vehicle purchase process [1][2] Company Overview - Roadzen Inc. is a global leader in AI technology focused on transforming auto insurance, recognized for its innovations in telematics, generative AI, and computer vision [5] - The company operates a Global Distribution Network (GDN) platform that facilitates real-time pricing, policy issuance, payment collection, and claims processing through a seamless digital interface [3] Partnership Details - The partnership will utilize Roadzen's technology to provide a fully integrated Return to Invoice (RTI) GAP insurance solution, enhancing customer engagement and policy servicing [2][4] - This collaboration aims to redefine insurance delivery by embedding it as a value-added experience at the point of sale, addressing pain points in the used car market [4] Strategic Goals - Roadzen's mission includes advancing AI research at the intersection of mobility and insurance, with a focus on preventing accidents, ensuring fair premiums, and expediting claims processing [5] - The GAP insurance offering is expected to create scalable, recurring revenue opportunities for Roadzen's platform while enhancing long-term value for partners [4]