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Roadzen Says India's NICL Expands Claims Contract; Shares Rise
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Roadzen Says India's NICL Expands Claims Contract; Shares Rise
Dec 18, 2024 7:39 AM

10:08 AM EST, 12/18/2024 (MT Newswires) -- Roadzen ( RDZN ) said Wednesday its existing customer National Insurance Co., or NICL, has increased the geographical scope for Roadzen's ( RDZN ) claims platform XClaim.

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

Financial details weren't provided.

Roadzen ( RDZN ) shares surged past 6% in recent trading.

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

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