Roadzen’s U.S. unit signed a non-binding LOI for $30 million in annual commercial auto underwriting capacity in Year 1 with a leading U.S. carrier, incrementally adding to its existing $25 million capacity. The LOI contemplates scaling capacity to $50 million over a three-year period, subject to finalizing a binding authority agreement by June.

With existing producer and agency relationships backing more than $50 million in committed premium demand, Roadzen expects full Year 1 utilization to yield approximately $6 million in revenue. Revenue is forecast to ramp alongside the underwriting capacity growth, converting written premiums into recurring MGA commissions and fees.

All fleets in the proposed program will be equipped with Roadzen’s drivebuddyAI platform, leveraging computer vision and telematics for real-time risk monitoring and proactive loss prevention. This integrated AI layer enhances underwriting precision and continuous portfolio surveillance, distinguishing Roadzen’s offering from traditional commercial auto insurers.