Roadzen wins mandate to act as Managing General Agent for automaker

Roadzen (RDZN) has won a mandate to act as a Managing General Agent for one of the world’s top five carmakers, managing its insurance program to be rolled out in a major European market. The partnership, representing over $20M in annual gross written premiums, marks a major milestone for Roadzen and underscores its expanding role as both a technology and insurance partner to global automakers. Roadzen will manage administration, claims, and payments for the automaker’s insurance operations, earning fees expected to contribute more than 15% of gross written premiums as recurring revenue for the Company.