Overview
Azos is a life insurance MGA selling individual coverage direct to consumers through an online platform and a network of over 11,000 registered brokers across Brazil. Founded in 2020, the company targets the underserved individual life insurance segment, simplifying the application and purchase process through digital tools that eliminate traditional bureaucratic barriers.
The company underwrites personal life insurance, critical illness, and disability products as a managing general agent, with Excelsior Seguros serving as the licensed policy issuer and Swiss Re providing reinsurance capacity. Azos handles all quoting, underwriting decisions, and customer experience, while Excelsior assumes the carrier risk. Policies can be issued digitally in approximately 5 minutes with approval in 30 seconds to one business day, with no medical exams required.
By February 2026, Azos had reached 100,000 active policies and BRL 307 million in annualized premiums. The company doubled revenue in 2025 for the second consecutive year and surpassed BRL 100 billion in total insured capital. In March 2026, Azos closed a USD 25M Series C round led by Kaszek to scale operations and expand geographic reach within Brazil.
Products & Services
Life Insurance (Seguro de Vida)
Individual term life insurance providing death benefit coverage for named beneficiaries.
Key Features
- Death benefit up to BRL 1 million (digital contracting limit)
- No medical exams or occupational restrictions
- Digital application completed in approximately 5 minutes
- Approval in 30 seconds to 1 business day
Target Users: Individual consumers across Brazil, sold direct and through the broker channel
Distribution: Direct-to-consumer online platform and appointed broker network
Critical Illness Coverage
Protection for 13 serious medical conditions.
Key Features
- Covers cancer, stroke, heart attack, organ transplant, and end-stage renal failure, among others
- Bundled with life insurance policies
Target Users: Individual policyholders seeking additional health-related financial protection
Distribution: Direct and broker channel
Accidental Disability Insurance
Financial coverage for total accidental disability, integrated into the product suite.
Target Users: Individuals seeking protection against loss of income from accidents
Distribution: Direct and broker channel
Funeral Assistance
Reimbursement or services coverage for funeral-related expenses.
Target Users: Policyholders and families
Distribution: Direct and broker channel
Guardiao (Trusted Contact Feature)
A platform feature allowing policyholders to designate a trusted person to facilitate insurance activation and claims processing if the insured is unable to act.
AtendeAI
Proprietary AI assistant that automates customer inquiries and reduces average service handling time.
Rivaldo Churn (Retention Copilot)
AI-based retention system that evaluates cancellation risk and intervenes proactively. Doubled cancellation reversals within 30 days of deployment.
MonitoraAI
Quality monitoring system that evaluates 100% of customer interactions across email, chat, and WhatsApp for quality assurance and data-driven decision-making.