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GlobeNewsWire
1 month ago
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
Capacity expected to scale to $50 million over three years; program anticipated to contribute approximately $6 million in revenue in Year 1, scaling alongside capacity Roadzen's U.S. producer and agency network has more than $50 million in committed premium demand for the program NEW YORK, April 30, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global leader in AI at the convergence of insurance and mobility, today announced that its U.S. operations have signed a Letter of Intent (LOI) with a leading U.S. commercial insurance carrier for a dedicated commercial auto insurance program. The LOI contemplates $30 million in annual underwriting capacity in Year 1, scaling to $50 million over three years, supporting Roadzen's expansion in the U.S. commercial auto insurance market.