Roadzen Clinches GAISA 2024 Award for Best Use of AI in Insurance

Roadzen, a trailblazing insurtech company, secured the prestigious “Best Use of AI in Insurance” award at GAISA 2024, solidifying its position as a leader in the application of artificial intelligence within the insurance sector.

Revolutionizing Global Auto Insurance: Roadzen, headquartered in New Delhi, is at the forefront of transforming global auto insurance through advanced AI. As the first Indian insurtech to go public, listed on Nasdaq in September 2023, Roadzen’s impact spans from major insurers, fleets, and carmakers to small fleets, brokers, and insurance agents globally. Their innovative work in telematics and computer vision has garnered recognition from esteemed publications such as Forbes, Fortune, and Financial Express.

AI-Driven Solutions for the Future of Mobility: Roadzen’s mission revolves around building an operating system for global insurance, particularly focusing on the evolving landscape of connected, autonomous, and electric vehicles. The company is actively involved in shaping open, safe, and responsible AI as a founding member of the AI Alliance with IBM and Meta. With 400 employees across its global offices, Roadzen is uniquely positioned to pioneer the next generation of auto insurance at the intersection of mobility and insurance.

Roadzen’s growth trajectory is marked by financial success and market acceptance. From a total consolidated revenue of $1.1 million in fiscal year 2020-21, the company skyrocketed to $9.8 million in 2021-22, reaching approximately $59 million in 2022-23. The projection for the following fiscal year stands at $118 million, representing an impressive 110x growth within four years.

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