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Azentio

Purpose-built, intelligence-driven technology for Banking, Insurance, and Financial Services

Core Administration Enterprise PE-Backed
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Overview

Azentio Software is a Singapore-headquartered enterprise software company delivering purpose-built, intelligence-driven technology for the Banking, Financial Services, and Insurance (BFSI) sector. Formed in 2020 through the carve-out and combination of software assets from 3i Infotech, Candela Labs, Beyontec Technologies, and Path Solutions, Azentio is wholly owned by funds advised by Apax Partners.

The company serves over 1,000 customers across 48+ countries with a team of approximately 1,900+ employees across offices in 9 countries spanning Asia Pacific, Middle East, Africa, South Asia, and North America. Its flagship insurance product, Premia Astra, is a cloud-based core policy administration platform recognized in Celent's 2025 APAC and EMEA P&C Policy Administration Systems reports.

In September 2024, Azentio acquired the intellectual property and assets of Kuwait-based iMOTOR and Pysurance to accelerate its next-generation insurance technology roadmap, adding AI-powered claims automation and a cloud-native SaaS insurance platform.

Products & Services

Premia Astra

Core insurance management platform covering the full policy lifecycle across general insurance, health insurance, life insurance, group life, and takaful (Islamic) insurance.

Key Features

  • Multi-currency, multi-lingual, multi-entity policy administration
  • End-to-end claims management with automated workflows
  • Digital ecosystem for agents, policyholders, and internal teams (B2B portal, CRM)
  • IFRS 17 Accelerator for regulatory compliance
  • Risk upload facility for fleet and group policies
  • Built-in digital distribution and quote-to-bind capabilities
  • Cloud-native architecture with on-premise deployment option

Target Users: Insurance carriers, takaful operators, health insurers, brokers

AMLOCK

All-in-one financial crime detection and AML compliance platform with next-generation AI capabilities (relaunched 2025).

Key Features

  • Anti-money laundering (AML) transaction monitoring
  • KYC and customer onboarding compliance
  • Sanctions screening and fraud detection
  • Advanced AI and machine learning-driven alerts
  • Ranked in Chartis FCC50 2026

Target Users: Banks, insurance companies, financial institutions

iMAL

Shari'ah-compliant Islamic banking core system -- the world's only fully AAOIFI-certified Islamic banking platform (16 consecutive certifications). Named Best Islamic Banking Core System at GIFA 2025.

Kastle

Universal core banking solution for conventional and Islamic banks.

MFund Plus

Wealth and asset management platform.

Orion ERP

Enterprise resource planning platform tailored for BFSI organizations.

At a Glance

Founded
2020
Headquarters
Singapore
Employees
1000+
Funding
PE-Backed

Category & Focus

Category
Core Administration
Subcategories
Policy Administration Claims Technology Compliance & Regulatory Core Banking
Insurance Verticals
Life & Annuity P&C Commercial P&C Personal Health Group Benefits
Target Customers
Carriers, Brokers, MGAs/MGUs

Customers

  • GA Insurance (Kenya) -- upgraded to Premia Astra (December 2025)
  • A leading insurer in the Philippines -- selected Premia Astra
  • A leading Takaful insurance company in Kuwait -- 10-year subscription contract for Premia Astra (general, health, group life)
  • QIIC (Qatar Islamic Insurance Group)
  • Takaful Ikhlas
  • Al Baraka
  • Sanlam
  • Swan General Insurance Zambia
  • MUA Insurance
  • Ethio Life and General Insurance
  • Al Fujairah National Insurance
  • SICOM
  • Bank of Abyssinia

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Last updated: 2026-05-11