Roadzen is an insurtech company that sells AI-powered software and brokerage services for auto insurance. Roadzen uses a B2B2C model, selling to enterprise partners such as insurers, automotive OEMs, and fleet operators who then provide insurance products to their end customers. Roadzen does not carry insurance risk; instead, insurers and reinsurers bear the underwriting risk. The company generates revenue through its Insurance as a Service (IaaS) platform and its brokerage segment. The IaaS platform charges usage-based fees for modular tools that automate vehicle inspection, claims processing, and roadside assistance. The brokerage business earns commissions as a percentage of premiums for distributing policies via agents and dealerships. Product offerings include computer vision for risk assessment, telematics for driver scoring, and software for workshop management. The company operates globally, with major operations in India, the U.K., Europe, the U.S., and China. Roadzen grows by acquiring new enterprise clients, cross-selling additional software modules to current customers, and expanding its partner network. Notable clients include AXA, Mercedes, and Volvo.
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