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Democrance DMCC Democratizing Insurance

Cover image of Democrance DMCC, Big data venture on VC4A

Democrance creates value by fully digitizing and automating the entire value chain of insurance– from sales to claims management: customers can purchase an insurance product using their phone, while insurance companies can manage the policies through the platform’s back end with minimum effort .

To do this, we bring together two unlikely partners: we unlock new markets for insurers, while offering distribution and channel partners (agents and brokers, financial institutions, telcos, money transfers, digital wallets, super apps…) a way to increase customer loyalty and differentiate their services .

Distribution and channel partners already have the right distribution network to interact with our audiences, while insurance companies can adapt and create bespoke products for them, bringing a strong differentiator to service providers focused on retaining customer loyalty

Sectors Big data, Insurance, Software as a Service
Location دبي, United Arab Emirates
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