The FinTech industry is rapidly expanding and evolving. New innovations and inventions spring up every day at every point in the financial world. In all this excitement, some segments become overlooked.

Insurance, bogged down by hundreds of years of tradition and legacy, is one of those neglected and forgotten segments. But Tanja Magas, Chief Data and Analytics Officer at Democrance, believes otherwise.

Democrance, a company initially founded to capitalize on the microinsurance market, has recently seen rapid expansion. Riding the wave of digitization brought on by the pandemic, the company has managed to double its size in the past two years. For Tanja, the secret to this success can be found in the numbers.

Other topics for this episode include:
- How digitization will transform insurance
- “The digital attacker”: a new business model for a new world
- Unlocking the hidden power of data for your business


Timeline:
00:00 — Introduction

01:38 — Creating space for innovation

07:01 — Origin and development of Democrance

13:17 — New engagement and distribution channels

23:10 — Metaverse and insurance

26:40 — Women in InsureTech


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HOST

Based in Dubai, Arjun is actively engaged with the Fintech & Start-up ecosystem across the MENA Region and beyond - as a passive investor, an advisory board member and as a commentator on the rapidly evolving scene.



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PARTNERS

Couchonomics with Arjun Singh is brought to you by our partners from:

Adyen, a reliable end-to-end payments solution that enables businesses to turn payments into a strategic growth driver: https://www.adyen.com/

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