Democrance partners with Dai-ichi Life Cambodia

Democrance has entered a partnership with Dai-ichi Life Cambodia to launch their first digital life insurance product.

Democrance’s SaaS (software-as-a-service) technology platform enabled Dai-ichi Life Cambodia to launch a simple and affordable term life product with a fully-digital customer journey and automated process. This will allow customers to purchase the product online easily and quickly, with immediate protection.

Michele Grosso, CEO and co-founder of Democrance, said: “Through this great milestone, we are committed to support Dai-ichi Life’s digital strategy and presence in growing digital insurance markets in Cambodia and potentially other geographies.”

“Democrance currently supports Life and P&C insurance companies in more than 15 countries in the world, and Asia is the huge market for us to grow our business and add value to digital insurance ecosystem. We continue to invest in our SaaS platform technology to support our client insurance companies and brokers, enabling them to meet the rapidly evolving demands by the digital-savvy consumers and growing digital insurance market in Asia.”

Mah Kin Yoong, chief commercial officer of Dai-ichi Life Cambodia, said: “Our partnership with Democrance enables us to provide inclusive insurance to those who need it the most across Cambodia, digitally. We are committed to stand by the side of our customers and their loved ones, for life, and make concerted efforts to deliver ‘peace-of-mind’ under our philosophy of ‘Customer First’.”