Exclusive: Insurtech MGA Anzen winds down brokerage operations, cuts most staff months after announcing $16 million Series A

Anzen Closes Brokerage Operations

Wholesale insurtech platform Anzen is officially shutting down its brokerage operations, effective immediately. This decision comes just a few months after Anzen secured $16 million in a Series A funding round, which raised expectations for the company's future.

Immediate Impact

The announcement, communicated to retail brokers and clients, indicates a rapid shift in strategy for the company. As a result of this closure, Anzen is also cutting most of its workforce. This move highlights the challenges insurtech startups face in balancing rapid growth with sustainable operations.

Key Details

While the official announcement did not detail the reasons behind this decision, it's not uncommon for startups, especially in the insurtech sector, to reevaluate their business models following significant funding rounds. Anzen's ability to pivot now will be crucial in determining its next steps moving forward.

Who is Affected?

This decision will primarily impact retail brokers and clients who were actively engaging with Anzen's brokerage services. Furthermore, it raises questions about the future employment of the employees who have been let go as the company downsizes its operations.

Conclusion

As Anzen winds down its brokerage side, industry observers will be watching closely to see how the company plans to stabilize or reinvent itself. Changes like this serve as a reminder of the dynamic environment of the insurtech market, where agility and adaptability are key to long-term success.

Original Source: https://www.theinsurer.com/program-manager/news/exclusive-insurtech-mga-anzen-winds-down-brokerage-operations-cuts-most-staff-2026-01-30/