Making insurance accessible for everyone


There are 350 million low- to middle-income people in MENA who do not have access to any sort of insurance. For this segment, risk protection tools such as life insurance, social security, public healthcare, personal and family savings would be life-changing.

Recognising the opportunity, Michele Grosso, founder and CEO of Democrance (, decided to do something about it. He has spent over seven years in the insurance industry, first with AXA and then with MetLife, across Paris, Cairo and Dubai. He has seen first-hand how providing insurance to the masses could solve social challenges in the region. He decided to channel his knowledge and passion for this business and convert it into a profitable and meaningful venture.

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