Roadzen Says India's NICL Expands Claims Contract; Shares Rise

MT Newswires Live

2024/12/18

Roadzen (RDZN) said Wednesday its existing customer National Insurance Co., or NICL, has increased the geographical scope for Roadzen's claims platform XClaim.

The Indian government-owned insurer has 34 regional offices, of which 10 joined the XClaim platform, Roadzen said, adding that NICL has expanded a contract with Roadzen to add four regional offices, effective Jan. 1.

Financial details weren't provided.

Roadzen shares surged past 6% in recent trading.

Price: 1.45, Change: +0.09, Percent Change: +6.62

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