Roadzen Completes Elite Cover Acquisition | Expands Footprint in $80B Auto Insurance Market
Investors and insurtech followers: Roadzen has officially closed its acquisition of Elite Cover Insurance Solutions, gaining majority control of the licensed commercial auto insurance broker and managing general underwriter.
📌 Highlights:
Elite Cover operates across multiple U.S. states
Strengthens Roadzen’s position in the $80B commercial auto insurance market
Adds underwriting authority, regulatory licenses & distribution channels
Enhances Roadzen’s AI-driven telematics and automated claims capabilities
Non-dilutive transaction
Expected to contribute $8M+ in revenue over the next 12 months
Roadzen continues to scale its vision of transforming insurance through AI, automation, and mobility intelligence.
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#Roadzen #EliteCover #AutoInsurance #CommercialInsurance #InsurTech #AcquisitionNews #Telematics #AIInsurance #MobilityTech #InvestorNews #BusinessUpdate #JaneKing #NewsOut
