GlobeNewswire·Apr 30, 2026, 7:30 AM ET

Roadzen Secures LOI for $30 Million Insurance Capacity Commitment From Leading U.S. Carrier to Bring AI to Commercial Auto Insurance, Backed by Over $50 Million in Producer Demand

Roadzen Inc. signed a non-binding Letter of Intent with a leading U.S. commercial insurance carrier for a dedicated commercial auto insurance program.
The program contemplates $30 million in annual underwriting capacity in Year 1, scaling to $50 million over three years.
Existing U.S. underwriting capacity of $25 million will remain separate & the new capacity is incremental to current operations.
The LOI is subject to negotiation & execution of definitive agreements, including a binding authority agreement expected by June 2026.
Roadzen's Managing General Agency will operate under delegated authority to quote, underwrite, & bind commercial auto policies on behalf of the carrier.
At full Year 1 utilization, the program is anticipated to generate approximately $6 million in revenue, scaling alongside capacity growth.
The U.S. producer & agent network has identified more than $50 million in committed premium demand with established loss ratios.
The program integrates Roadzen's drivebuddyAI platform to provide real-time risk management, driver behavior analytics, & continuous fleet monitoring.
CEO Rohan Malhotra stated the U.S. offers the best margins & the company aims to grow it into Roadzen's largest market over the next three years.
The initiative reinforces Roadzen's strategy to embed AI capabilities directly into the insurance value chain as an integrated distribution & underwriting partner.