As part of MAG Capitalização’s business roadmap, SymbioSys DMS portfolio will power its distribution network growth across Brazil by end September 2024.

Rio de Janeiro, Brazil – 2nd of September 2024 – Leading Brazilian Capitalization firm MAG Capitalização has signed an agreement with C2L BIZ Solutions (C2L BIZ) and Easy2Life (E2L) as part of its Digital Distribution Transformation roadmap. MAG Capitalização will leverage the C2L BIZ-E2L partnership’s insurance domain expertise alongside the SymbioSys product portfolio as part of these new synergies.

Part of Brazil’s leading life insurer Mongeral Aegon Group, MAG Capitalização offers a 100% digital relationship for each of its customers. Its new partnership with C2L BIZ extends these capabilities to the Capitalization player’s distribution network. The project’s present scope covers digital transformation of MAG Capitalização’s Partner Onboarding, Hierarchy Management, Movements, Commissions, Taxation and Payments processes. The Capitalization firm will be able to scale up seamlessly from its current infrastructure.

Speaking at the occasion, Leonardo Lourenço, the Head of MAG Capitalização said, “Our partnership with C2L BIZ and Easy2Life marks a significant step in our journey towards a fully digital and streamlined distribution network. By integrating their expertise and the SymbioSys product suite, we not only enhance our operational capabilities, but also empower our partners with tools that drive faster onboarding and growth. This collaboration reinforces MAG Capitalização’s commitment to delivering innovative and efficient solutions for our customers and partners alike.”

The SymbioSys Suite from C2L BIZ offers extensive digital transformation capabilities for global insurers’ distribution processes. “As a start-up, it is critical for MAG Capitalização to differentiate itself in the market so that it can attract and motivate Distributors to achieve business goals. SymbioSys Distribution Management System provides them with an ability to quickly onboard distributors. More importantly, MAG Capitalização can offer innovative commissions, incentives, contests, and self-service capabilities for its partners as well as producers to improve distributor experiences. C2L BIZ looks forward to a long-term strategic partnership with the MAG group to drive its Digital Distribution Transformation journey,” said Vijay Chavan, the Co-Founder of C2L BIZ.

MAG Capitalização zeroed in on C2L BIZ’s SymbioSys Distribution Management System (DMS) due to its maturity, high configurability, and flexibility. “Even though MAG Capitalização’s team were impressed by the SymbioSys Distribution Management product’s functionality and features, C2L BIZ conducted a POC as part of the evaluation process. C2L BIZ’s team configured the hierarchy and commission rules within a week, which demonstrated a capable POC to the MAG Capitalização team,” said Sujit Rangnekar, Vice President at C2L BIZ.

Post SymbioSys DMS implementation, MAG Capitalização can define various hierarchies and effectively manage compensations. Additionally, C2L BIZ and E2L’s status as a “trusted partner” willing to invest in building strategic relationships beyond the contract provided comfort for the organization. “C2L BIZ and Easy2Life are proud to support the MAG Group’s innovative MAG Capitalização venture in the Brazilian market. Once again, MAG Group successfully leads the market when it comes to adoption of digital transformation strategies for their distributors and clients. SymbioSys portfolio enables real-time market gains for our insurers and capitalization companies. It empowers these companies to effortlessly launch new products that create immense value for their customers,” said Ronald Kaufmann, the Consultant and Advisor for Easy2Life.

C2L BIZ’s emphasis on business outcome-based business transformation translates to sustainable increases in distributor productivity and operational cost optimization. For instance, insurers can effortlessly leverage automation to enable distributors with differentiated commission models, innovative contests, and instant payouts. These benefits are augmented by SymbioSys suite’s low code, no code approach. Its highly configurable architecture backed by microservices is ideal to address unique business needs.

The vast C2L BIZ partnership network ensures a single-stop Digital Distribution Transformation destination for insurance markets across the world. These relationships ensure that insurers can access a wide spectrum of strategies, solutions, training, and services to drive sustainable revenue growth.

For more information on how C2L BIZ can transform your insurance business, talk to us today.

About MAG Capitalização

Founded in May 2024, MAG Capitalização, a company of the Mongeral Aegon Group, offers Incentive, Traditional, and Philanthropy products in its portfolio. The development of this segment enhances user experiences by combining financial discipline with accessible and innovative solutions, which provides a new perspective on financial planning. Explore the full range of MAG Capitalização’s offerings at www.magcap.com.br

About C2L BIZ

C2L BIZ Solutions is a leading insurtech with over a decade’s rich experience in driving insurance industry innovation and Digital Distribution Transformation. Its state-of-the-art product portfolio focuses on Distribution Management, Digital Sales, Underwriting, and Claims Management.

Driven by a holistic combination of domain expertise and focus on insurers’ business outcomes, C2L BIZ is a leader on the Digital Distribution Transformation front. It has been able to transform the Distribution and Sales operations of over 50 insurers across 12 countries. These success stories are powered by C2L BIZ’s highly configurable, low code, no code SymbioSys product suite.

Insurance companies trust C2L BIZ to deliver technologically advanced solutions that improve competitiveness, customer experiences, and distributor management. Discover more about C2L BIZ at www.c2lbiz.com.     

About Easy2Life

Easy2Life is an insurtech company founded in 2019, with its core focus on enhancement of the Brazilian Insurance Market’s sales and distribution capabilities. The company’s flagship product Easy2Life PRO is a SaaS application that caters to the digital transformation needs of Brazil’s Individual Life Insurance distributors. Easy2Life is led by Carlos Alberto Trindade Filho, an insurance industry veteran with over 30 years of experience. The entrepreneur is backed by an experienced digital team consisting of creative young professionals. This team is supported by reputed insurance industry veteran Ronald Kaufmann and Vanessa Kaufmann, who provides advisory services to Easy2Life. Learn more about Easy2Life at www.easy2life.com.br

Media Contact
Sanjay Mudnaney
C2L BIZ Solutins
Tel: +91-98218-76559
[email protected]