Roadzen

Roadzen Inc. operates as a global insurance technology company, positioning itself at the intersection of artificial intelligence, mobility, and insurance. The company was founded in 2015 by CEO Rohan Malhotra, whose background in robotics and AI at Carnegie Mellon University, combined with a personal experience involving a friend's lengthy car accident claim, catalyzed the firm's creation. Roadzen offers a vertically integrated, B2B platform that addresses the entire auto insurance value chain. Its core offering is an Insurance-as-a-Service (IaaS) platform that utilizes AI, computer vision, and telematics to empower clients with capabilities for dynamic underwriting, policy distribution, and instantaneous claims processing.

The company's business model is twofold, generating revenue from both technology sales of its IaaS platform and brokerage commissions. This dual approach allows Roadzen to sell its technology directly to insurers, automakers, and fleet operators, while also acting as a licensed broker in 14 countries to sell policies and manage claims using its own proprietary technology. Its client base is diverse, ranging from major global insurers like Axa and Allianz to prominent carmakers such as Mercedes, Audi, and Mitsubishi, as well as large and small fleet operators and insurance agents. The firm's technology enables the creation of new products like usage-based insurance (UBI), driver scoring, and embedded insurance solutions such as Guaranteed Asset Protection (GAP).

A significant milestone in the company's history was its public listing on the Nasdaq stock exchange in September 2023, following a merger with the special purpose acquisition company (SPAC) Vahanna Tech Edge Acquisition I Corp. This transaction was intended to fund organic growth initiatives, sales expansion, and a strategic M&A strategy. Roadzen has actively pursued acquisitions to bolster its market presence, notably acquiring National Automobile Club in the U.S. to enhance its commercial claims and roadside assistance capabilities, and backing drivebuddyAI to integrate advanced driver-assistance systems (ADAS) into its offerings. The drivebuddyAI platform, which monitors driver behavior for drowsiness and distraction, is a key component of Roadzen's road safety focus and has been integrated with partners like Bosch.

Keywords: Insurtech, AI insurance, auto insurance, telematics, computer vision, usage-based insurance, claims processing, mobility solutions, Insurance-as-a-Service, IaaS, fleet management, road safety, driver monitoring, ADAS, embedded insurance, SPAC, Rohan Malhotra, automotive technology, digital brokerage, risk assessment