Indian technology giant HCLTech recently announced a partnership with Roadzen, an AI-driven auto insurance technology startup to leverage artificial intelligence (AI) and data engineering to enhance auto insurance services for carriers and customers alike.
How will it benefit for auto owners and insurance carriers
According to HCL Tech, the partnership will help auto owners maintain the value of their vehicles, enhance safety, and potentially lower insurance premiums. Insurance carriers, on the other hand, will gain deeper insights into driver behaviors, which could lead to improved loss ratios, the company said.
"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.
Enhancing position in insurtech sector
HCL Tech said the partnership underscores the importance of telematics, computer vision, and AI in auto insurance. It builds on HCLTech’s expertise in the domain, positioning them as a forward-thinking provider in next-gen insurance technology.
HCLTech's recognition in Everest’s Insurance Business Model Innovation Enablement Services and as a Leader in Application and Digital Services in Property & Casualty Insurance further solidifies their standing in the industry, the company said in a statement.
What does Roadzen do?
Roadzen is an American startup that aims to transform global auto insurance through AI. The startup serves a diverse range of clients, from leading insurers to small fleets and brokers, using its advanced technology in telematics and computer vision.
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