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Democrance Company

Democrance is a SaaS insurance technology platform that helps insurers and insurance brokers digitize the insurance value chain. They offer insurance and protection to the underinsured and uninsured populations of emerging markets. With their digital insurance distribution platform, Democrance helps insurers and brokers increase digital sales, automate workflows, and enhance operational efficiency and profitability in the insurance market. They provide a single platform to manage all insurance products, reducing distribution costs by 5x on average and boosting sales by approximately 28% per year. Democrance enables organizations to launch digital insurance in just 2-6 weeks with minimal disruption to existing systems, allowing them to reach new segments and explore innovative products.

Founded Date: 2015
Employee Number: 33
Headquarters: Dubai, Dubai, United Arab Emirates
Funding Status: Private
Industry: Aging Research Tools & Platforms
Sector: Longevity
Founders: Alberto Pérez,Damian Dimmich,Michele Grosso
Investors: Eos Venture Partners, Global Ventures, International Fund for Agricultural Development, Seedstars, TURN8