# Michele Grosso

> Michele Grosso is the Italian co-founder and CEO of Dubai-based insurance technology company Democrance. After working in strategy and distribution at AXA and MetLife, he founded the business in 2015 to help insurers reach underserved customers through digital distribution. He also serves on the Microinsurance Network board.

- **Role:** Co-Founder & CEO at Democrance
- **Organizations:** Democrance, Microinsurance Network, AXA, MetLife
- **Nationality:** Italian
- **Education:** Master in Management / Grande Ecole, ESCP Europe, MSc in Economics, University of Turin, Carlos III University of Madrid, City University London
- **Known for:** Built Democrance from a 2015 startup into a digital insurance platform operating across multiple regions., Democrance was one of eight global finalists in MetLife LumenLab’s inaugural Collab programme in 2017., Appointed to the Microinsurance Network board in 2023.

## Career timeline

- **Before 2015** — Worked in strategy and distribution at AXA and MetLife in France, Egypt and the UAE.
- **2015** — Founded Democrance in Dubai; his LinkedIn launch announcement is dated 10 September.
- **2016** — Met Alberto Pérez at the accelerator where both were working, according to Democrance’s account.
- **2017** — Democrance announced an $800,000 first funding round and a $500,000 remittance-linked microinsurance project.
- **2021** — Global Ventures led a funding round with Veridian Ventures and existing investors; Democrance reported operations in 12 countries.
- **2023** — Joined the Microinsurance Network board in March; Democrance announced Saudi expansion supported by Wa’ed Ventures and Global Ventures in October.
- **2026** — Democrance launched AI Teams on 20 January.

## Achievements

- Built Democrance from a 2015 startup into a digital insurance platform operating across multiple regions.
- Democrance was one of eight global finalists in MetLife LumenLab’s inaugural Collab programme in 2017.
- Appointed to the Microinsurance Network board in 2023.

## Latest updates

- **2026-01** — Democrance launched AI Teams on 20 January, built on the Pulse platform with defined agent responsibilities and human supervision.
- **2026-01** — Discussed digital distribution and the commercial viability of microinsurance in Middle East Insurance Review.

## Links

- Website: https://www.democrance.com/
- LinkedIn: https://www.linkedin.com/in/michelegrosso

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Profile page: https://yespress.io/michele-grosso
Published by YesPress — https://yespress.io
Last updated: 2026-10-15