About

Our Vision: To Strengthen Resilience Among Low-Income Households

Built as a Pan-African B2B2C franchise business case, DataDrivenFinance AS scales digital, low-cost national insurance marketplaces and distribution systems in developing countries.

Who we are

A Norwegian InsurTech building Africa's microinsurance backbone.

DDFinance is a Norwegian insurance and automation specialist, established to enable low-cost insurance for the uninsured low-income populations globally.

Kenya is our first country of operations. Together with our daughter company, DDFinance Kenya, we have innovated, developed, and piloted Collective Based-Insurance (CBI) — built on digitizing informal trust and reputation within collectives.

Today DDFinance Kenya operates a fully digital insurance market system in Kenya, connecting local insurance companies' underwriting capacity directly with low-income consumers.

At its core the market system is managed on our Insurance Platform as a Service (IPaaS), guaranteeing availability, scalability, and compliance with the most demanding data security standards.

Our journey

History

From a Norwegian idea in 2015 to a fully digital insurance market system operating in Kenya today.

2015
DDFinance AS founded
Founded in Norway. Designed from the beginning to scale digital, low-cost insurance marketplaces in Africa. Building the Insurance Platform as a Service (IPaaS) starts.
2018
DDFinance Kenya Ltd. founded
Founded in Kenya — the first daughter company of DDFinance AS, and the first blueprint national franchisee. IPaaS pilot testing starts in Kenya.
2020
DDFinance Burundi initiated
Burundi feasibility studies initiated. B Lab certification achieved by documenting social performance, accountability, and transparency. Investments in IPaaS development work tripled.
2022
Business model adjustment
IPaaS delivers a full B2B2C digital insurance workflow for all B2B contract partners. DDFinance pulls back from engaging own personnel in B2C sales.
2023/24
Market segment adjustment
Sales focus on microfinance banks where (1) owners value increased profitability through insurance sales, (2) managers are held accountable to insurance sales targets, and (3) struggling MFIs can double profit through insurance sales.