Dynamic like your business
We operate as a complete insurance broker specializing in bancassurance and as a consortium and credit distributor, covering everything from distribution, channel management and operations to the creation of specific solutions in the insurance, consortium and credit segments. Over more than 50 years, we have developed complete sales and after-sales solutions, both in the individual and corporate segment, to enhance the results of our customers and partners in various distribution channels.
We operate nationwide through our Business Units, offering face-to-face, remote and digital solutions for the sale and after-sales of insurance and financial products. Interdependently, they capture synergy gains between their different businesses and generate competitive advantages for the conglomerate, impacting the entire insurance and financial market chain. Investing in people, technology and methods, we form high-performance teams and develop business models focused on operational efficiency and achieving consistent results, maximizing the value of our operations.
We are a publicly traded company, with shares listed on the Novo Mercado segment of B3 – Brasil, Bolsa, Balcão since June 2015 (B3: WIZC3).
Wiz’s history begins in 1973, as Fenae Corretora, later renamed PAR Corretora. We focused our activities on insurance sales until the beginning of the 2010s, when the arrival of new shareholders led to a restructuring in our company. These changes culminated in our IPO – the only IPO (initial public offering) held in the country in 2015 – and in the current business model, through which we seek to diversify and strengthen our core competencies.
Our history begins in Rio de Janeiro in 1973, as Fenae Corretora, when we were constituted by FENAE – National Federation of Personnel Associations of Caixa Econômica Federal – to operate in the insurance brokerage, business intermediation and asset management segment, notably selling insurance over Caixa Econômica Federal’s counter.
In 2010, we were renamed PAR Corretora, in order to implement the strategy of intensifying our operations in the insurance brokerage segment. In 2012, FENAE, as our sole shareholder, admitted Caixa Seguros Holding (CSH) and GP Investimentos as partners. The arrival of new partners led to an important restructuring and consolidation of our business and governance models, with a strong investment in technology, preparing the Company for the public offering of shares. We went public in 2015, at the formerly named BM&FBOVESPA, with the trading ticker “PARC3”, having been the only IPO held in the country that year.
In 2017, we undertook an important movement to reposition the Company, culminating in the change of our brand to Wiz and, consequently, of our trading ticker to “WIZS3”. Through this change, the Company’s Management established a new vision of the future, with the objective of expanding our frontiers of activity and starting an important movement of digital transformation and diversification of our businesses. In accordance with this strategy, in 2017 we carried out the Company’s first M&A transaction, when we acquired Finanseg Administração e Corretagem de Seguros S.A., starting our current business unit “Wiz Parceiros”.
Currently, we are still committed to the movement of inorganic expansion, diversification of operations and the consolidation of our operating model, structured in autonomous and synergistic Business Units. We pursue, in a very disciplined manner, our vision of the future of “being the largest and best manager of distribution channels for financial and insurance products in the country”.
In this line, we entered into several strategic agreements with relevant market partners to operate in bancassurance: Banco Inter (2019), Banco Bmg (2020), Banco BRB (2021), Polishop (2022), Paraná Banco (2022) and Grupo Omni (2022). We also expanded our operation to the credit sector, entering into partnerships with Galápagos Capital (2019), Banco Itaú (2021), Santander Consórcios (2021), BB Consórcios (2021), Banrisul (2022), and carrying out the acquisition of Promotiva S.A. (2022), to work in partnership with Banco do Brasil. In 2021, the partnership established with Caixa Seguridade to operate in the distribution of insurance products in CAIXA’s sales channels was ended.
In recent years, we have developed new solutions and adaptable business models to provide this diversification of operations. Today, we have a range of solutions to enhance the profitability of various distribution channels through the sale of credit and insurance products.
Below, we list the main milestones of our history:
Our strength comes from our Business Units
Wiz is increasingly agile and dynamic, but at the same time, we rely on the pillars of management to ensure the delivery of results. We structured our current business model focused on independent and autonomous units, with direct accountability for results and a focus on operational efficiency. At the same time, we have a solid corporate core, capable of meeting the verticals of activity and prospecting for new business opportunities with a strategic profile adhering to the Company.
We divided our Business Units into 3 segments:
The segment’s units operate in physical or digital counters owned by commercial partners, with equity, exclusivity, and participation of Wiz in management, using various strategies to make the partner’s operation profitable by offering insurance and credit products to customers, as long as these products are not the core operation of the counter in question.
Below, we present the Business Units that operate in this segment: