Azos, an insurtech company specializing in life insurance solutions, announced the launch of a new feature called "Comparator." Developed using Artificial Intelligence, the Comparator promises to provide brokers with greater convenience and speed, allowing for quick and accurate comparisons of Azos coverage prices with those of other companies.
Bernardo Ribeiro, co-founder and CMO of Azos, believes the new tool will increase efficiency in customer service. “This is our third launch of the year focused on Artificial Intelligence. We know that time is a valuable resource for brokers, so we developed this functionality to optimize and accelerate processes. We want to ensure that our partners can serve with greater speed and effectiveness, offering a more comprehensive service,” comments Ribeiro.
To use the Comparator, brokers must access the Azos Management Panel, click on 'Azos Comparator' in the sidebar and select 'New Comparison'. After filling in the fields with the client's data and uploading an existing policy from another company in PDF format, the system generates a comparison with price estimates for the same coverages in a few minutes.
Since its founding in 2020, Azos has been a pioneer in the use of internally developed technological solutions. The insurtech company already has several AI-based tools, such as the 'FRED' AI, capable of analyzing policies in less than 30 seconds. Recently, the company also launched Cotador, a system available on WhatsApp that allows brokers and investment advisors to quickly quote products, including via audio, with the AI interpreting the message and returning estimated values.
The launch of these tools highlights the importance of investing in technology in the life insurance sector. According to CNseg, the insurance market is expected to expand and represent 10% of GDP by 2030, driven by investments in technology that could reach US$362 billion by 2025.
“Investments in technology are essential for the evolution of the sector. With innovative tools and AI-based solutions, companies can improve the efficiency of services and better meet customer needs. As the insurance market grows, technology becomes increasingly important to ensure that the sector remains competitive and aligned with the expectations of policyholders,” concludes Bernardo.
