Michele Grosso is the Co-Founder and CEO of Democrance, an insurtech that enables insurers and insurance brokers to access new market segments, particularly in emerging and mobile-first markets
Michele is the Co-Founder and CEO of Democrance, a global insurtech with the mission to make insurance accessible and affordable for those who need it most, particularly in emerging and mobile-first markets. Michele established Democrance in 2015 to help insurers increase digital sales and unlock new markets while simultaneously creating social value for populations that had previously been excluded from the protection and benefits of insurance.
Before Democrance, Michele held several senior roles across leading consulting, financial, and insurance companies including MetLife, AXA, BNP Paribas, PWC, and Candesic.
Lorenzo Chan, Chair of the Microinsurance Network’s Board of Directors,said: “We are delighted to welcome Michele to our Board of Directors. He brings an impressive experience in digital and technological innovation as well as the efficient distribution of affordable and accessible insurance in various markets. We are excited to collaborate with him and look forward to his contributions as the Network continues its mission of driving inclusive insurance and bringing protection to the underserved and those who need it most.”
Michele Grosso commented:“There is irrefutable evidence that inclusive insurance has the potential to make a significant and enduring contribution to public policy goals and to closing the global people protection gap. The use of technology and digital innovation is key to filling the gaps in the penetration of insurance – particularly in terms of helping to bring insurance to new, often hard-to-reach communities – and I am very much looking forward to working with the excellent MiN team, its members and partners on the ground to bring about meaningful change.”
The MiN is based in Luxembourg, a recognised centre of excellence for financial inclusion. Supported by the Luxembourg Ministry of Foreign and European Affairs – Directorate of Development Cooperation and Humanitarian Affairs and Ministry of Finance, it celebrated its 20th anniversary in 2022 and is uniquely positioned within the inclusive insurance ecosystem through its diverse, global community of more than 500 experts and practitioners from over 70 countries. The Network’s strategic vision for 2026 contains several clear actions that will further deliver accessible insight, data, and country-level knowledge on implementing inclusive insurance programmes around the world.
About the Microinsurance Network
The Microinsurance Network is the global multi-stakeholder platform for professionals and organisations that are committed to making insurance inclusive. Membership-based, we bring together diverse stakeholders from across the value chain who share our vision of a world where people of all income levels are more resilient and less vulnerable to daily and catastrophic risks. We encourage peer-to-peer exchange and learning, facilitate the generation of knowledge and research, and act as advocates, promoting the role that effective risk management tools, including insurance, play in supporting the broader development agenda.
Founded in 2015 with a mission to enable partnerships that make insurance accessible and affordable for all emerging market segments of society, Democrance helps insurers and insurance brokers expand their digital offering thereby unlocking the potential for entirely overlooked pockets of customers, products, or channels. The business is a B2B data-enabled, white-label SaaS plug-and-play technology platform that digitises the sales and distribution verticals of the insurance value chain for emerging market segments. Democrance is present in 16 markets across the Middle East, Africa, South-East Asia, and Latin America.