Democrance was born as the answer to several questions. How can insurance be offered to the population that needs protection the most, yet has historically been overlooked? How can insurance companies innovate to enlarge their customer base, instead of competing with limited and already serviced segments? How can mobile network operators differentiate in a highly competitive market, while doing something good for society?
Democrance = Democratizing Insurance. With this bold mission encompassing its brand name, Democrance aims to make insurance available to a wider population by working as a strategic partner and an enabler of growth for both insurance companies and mobile network operators.
As the first mobile microinsurance partner in the Middle East and Northern Africa, Democrance provides cutting-edge proprietary Financial Technology solutions and advisory that open the door to the underserved segments across the region.