“Can a technology-first insurance broker eliminate the bureaucracy of Brazilian life insurance and become the dominant digital distribution layer for protection products?”
Founded in 2020, Azos launched as a Brazilian insurtech targeting the underserved life insurance market, removing friction points such as mandatory medical exams and restrictive profession-based underwriting. The company operates as a technology broker (corretora) that distributes policies underwritten by Excelsior Seguros and reinsured by Swiss Re, rather than holding its own insurance license. It expanded distribution through a network of 10,000+ independent brokers (corretores) and a direct-to-consumer digital channel, positioning itself as the tech layer connecting consumers to incumbent insurance capacity.
Azos was founded by Bernardo Ribeiro and is founded in 2020, headquartered in São Paulo, Brazil.
Azos has raised $72.8M USD in total (latest round: Series B (Lightrock-led, ~$30.5M USD)).
Get a read on where your own stack stands against Azos and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.