Objective of the project
To develop microinsurance products and services

Areas of intervention
United Arab Emirates (Dubai)

Project manager

DemocranceIFAD (International Fund for Agricultural Development)

The projects in West Africa

The projects in Central America

South-West Asia

Enabling migrant workers access to insurance products

ADA and Democrance team up on a new project to promote access to insurance products for migrant workers, through an innovative technology solution linked to remittances.
This project, aimed at migrant workers from rural areas of India and the Philippines based in the United Arab Emirates, is intended to protect the income and activities of family members back home.

ADA, a Luxembourg NGO specialized in microfinance, and its partner Democrance, a startup IT platform specialized in microinsurance based in Dubaï whose mission is to democratize insurance by making it accessible and affordable to the low-income population in the Middle East and North African region, have 18 months to implement the project, starting in November 2017.

This initiative was born following the call for proposal “Scaling Up REmittances (SURE): Promoting innovative remittance systems and investment channels for migrants in rural economies”, financed by the International Fund for Agricultural Development (IFAD)  ̶  a specialized agency of the United Nations dedicated to eradicating rural poverty in developing countries  ̶ , in cofinancing partnership with the European Commission, the Government of Luxembourg and the Spanish Ministry of Foreign Affairs and Cooperation.


About Democrance
Democrance, founded in 2015, is an insurance technology start-up with a mission to enable partnerships that make insurance accessible and affordable for those who need it most. Democrance has created a digital platform that brings together two key industries  – insurance and telecommunications companies.
By forging new partnerships, we unlock new markets for businesses, while at the same time creating social value for those populations, which have previously been excluded from the benefits, and protection that insurance can provide.
Through tapping into technology, we aim to restore insurance to its original purpose of providing mutual aid for those who need it the most but can afford it the least.

This document was produced with the financial assistance of the European Union. The views expressed herein can in no way be taken to reflect the official opinion of the European Union.


Back to top

By continuing to browse this site, you agree to the use of cookies to measure the audience of our sites and provide you with targeted content. OK More