Democrance is a technology company that digitizes and automates the entire insurance sales process, from marketing to claims processing. The company primarily serves low-income, uninsured, or underinsured populations by enabling them to buy, pay for, use, and claim insurance through mobile and other digital channels. Democrance operates in the financial services market, focusing on insurance technology. Its business model revolves around partnering with insurance companies, mobile network operators, and remittance houses to offer insurance as a value-added service. The company generates revenue by providing its digital platform to these partners, thereby facilitating the distribution of insurance products to previously untapped customer bases. By addressing the insurance protection gap, Democrance contributes to financial inclusion in the Middle East and beyond.

Keywords: insurance technology, digital platform, financial inclusion, low-income, uninsured, mobile channels, claims processing, value-added service, Middle East, automation.