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Roadzen's UK Subsidiary, Global Insurance Management, Secures Several New Contracts Representing $2.5 Million in Projected Annual Revenue

RDZN
  • Roadzen Inc. (NASDAQ: RDZN) announced its UK subsidiary, Global Insurance Management Limited (GIM), has closed multiple new commercial contracts.
  • These contracts are projected to generate approximately $2.5 million in revenue over the next twelve months.
  • GIM will provide connected vehicle protection & GAP insurance solutions to partners in the UK & international automotive finance, dealer, & fleet sectors.
  • The programs utilize Roadzen's Global Distribution Network (GDN) platform for real-time pricing, issuance, payments, & claims management via embedded APIs.
  • New clients include vehicle finance brokerages, franchised & independent dealer groups, fleet operators, & affinity distribution channels.
  • Specific client names remain confidential until disclosed at a later date.
  • The wins follow two major OEM contracts from the previous two quarters, signaling growth in the UK & European markets.
  • CEO Rohan Malhotra stated the deals reflect a resumption of growth & positive tailwinds across Roadzen's global businesses in India, the U.S., & the UK.
  • Roadzen employs over 300 people across offices in the U.S., U.K., & India, with headquarters in Burlingame, California.
  • The press release includes forward-looking statements regarding expected revenue & growth that are subject to risks & uncertainties.