Get All Access for $5/mo

Democrance Democrance provides enterprise B2B software-as-a-service for insurance in emerging markets.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Democrance
Alberto Perez, Co-Founder and COO, Michele Grosso, Co-Founder and CEO, Damian Dimmich, CTO, Democrance

Democrance is a B2B insurtech software-as-a-service platform that lowers the cost of selling and servicing insurance, so that insurers can sell profitably to lower-income segments and digital natives. From our home in Dubai, UAE, we are present in 16 markets across the MEA, South East Asia, and Latin America, helping insurers increase their digital sales, and access new, underserved customer segments. Thanks to Democrance, more than a million customers can buy and use insurance, most of them for the first time.

  • FOUNDED IN: 2015
  • SECTOR: FINTECH

"Insurtech is reshaping the UAE's economy by boosting efficiency and customer satisfaction through streamlined processes and user-friendly platforms. It fosters innovation, creating tailored insurance products, enhancing risk assessment, and detecting fraud using artificial intelligence and analytics. Insurtech also promotes financial inclusion by making insurance more accessible. This sector's growth encourages entrepreneurial collaboration between insurers and tech firms, and aligns with supportive government regulations. Overall, it accelerates digital transformation, diversifies the economy, and strengthens the financial services sector in the UAE."

Click here to see the full Future 100 list.
Growth Strategies

How GCC Countries Can Build A Talent Model For The Digital Age

A new digital talent model is vital to digital economy growth. It will take years to build, but it is a process that must begin immediately to ensure future prosperity.

Starting a Business

They Showed Up to Apple With a Product They Built in Their Dorm Room. Now These Entrepreneurs Are on the Way to Changing the Way Fans Watch Sports.

How Rahat Kulshreshtha and Gaurav Mehta launched Quidich Innovation Labs, technology that is literally changing the game of sports viewership.

Leadership

How to Build the Mental Toughness You Need to Overcome Entrepreneurial Challenges

When a crisis strikes, leaders need to get real about what they see in the mirror.

Side Hustle

She Had Less Than $800 When She Started a Side Hustle — Then This Personal Advice From Tony Robbins Helped Her Make $45 Million

Cathryn Lavery built planner and conversation card deck company BestSelf Co. without any formal business education.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Franchise

How to Make a Franchise Partnership Work

Partnerships are always a challenge, but creating a franchise ownership partnership has its own unique issues.