Democrance is an insurtech company that focuses on providing digital solutions to make insurance more accessible and affordable. Established in 2015, the company aims to bridge the gap between insurance providers and underinsured or uninsured populations by leveraging technology. Democrance collaborates with insurance companies, telecommunications firms, and other partners to offer microinsurance products that are easily distributed through mobile and digital channels. This approach helps in extending insurance coverage to more people, particularly in emerging markets.