HCLTech, a worldwide technology firm, and Roadzen, a leading AI-driven auto insurance technology startup, established a partnership to leverage the potential of AI and data engineering to benefit both vehicle insurance carriers and their consumers.

 

This partnership will help auto owners preserve the value of their assets, improve safety and reduce insurance premiums. At the same time, it will help carriers with better insights into driver behaviors and improve loss ratios, as per Roadzen Inc.

 

"Partnering with Roadzen aligns with our commitment to constantly evolve and offer unparalleled services to our insurance customers. We see AI as a transformative power in the insurance sector and believe the combination of HCLTech’s trusted delivery capabilities with Roadzen’s AI leadership creates a solution that all our clients will be excited to engage with, to redefine insurance experiences," said Srinivasan Seshadri, Chief Growth Officer and Global Head, Financial Services, HCLTech.

 

The HCLTech-Roadzen collaboration emphasizes the importance of telematics, computer vision, and artificial intelligence in the vehicle insurance market. The cooperation leverages and expands HCLTech's domain experience in vehicle insurance and related service offerings, establishing HCLTech as a forward-thinking provider of next-generation insurance technology to customers.

 

"We are thrilled to collaborate with an industry leader like HCLTech. This synergy perfectly embodies Roadzen's mission to revolutionize insurance through AI and tech-forward solutions," said Rohan Malhotra, Chief Executive Officer and Founder of Roadzen.

 

Everest's Insurance Business Model Innovation Enablement Services - PEAK Matrix Assessment 2021 positioned HCLTech as the Leader. It was also recently designated a Leader and Star Performer in Everest Group's Property & Casualty (P&C) Insurance PEAK Matrix® Assessment 2023 for Application and Digital Services (ADS).