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. (Nasdaq: RDZN) announced a non-binding Letter of Intent with a leading U.S. commercial insurance carrier to secure $30 million in underwriting capacity for a new commercial auto insurance program, expected to scale to $50 million over three years. Backed by over $50 million in committed premium demand from its U.S. producer network, th…