Roadzen Signs LOI With US Commercial Insurer For Auto Program, Targeting $30M In Year 1 Underwriting Capacity And Scaling To $50M Over Three Years

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.

The proposed program is incremental to Roadzen's existing $25 million in U.S. underwriting capacity, which the Company continues to grow. The LOI is non-binding and remains subject to negotiation and execution of definitive agreements, including a binding authority agreement with the carrier, expected by June.

Under the contemplated arrangement, Roadzen's MGA would operate under delegated authority from the carrier to quote, underwrite, and bind commercial auto policies on the carrier's behalf. At full Year 1 utilization, which Roadzen expects to achieve given existing producer demand, the program is anticipated to contribute approximately $6 million in revenue, with revenue scaling alongside the capacity ramp to $50 million over three years.

Roadzen earns and recognizes MGA commissions and fees as revenues on premiums written through such programs, converting underwriting capacity directly into recurring revenue. The contemplated capacity is backed by Roadzen's established U.S. producer and agent network, which has already identified more than $50 million in committed premium demand for commercial auto coverage with established loss ratios — providing clear, near-term visibility into gross written premium deployment once definitive agreements are executed.