DataDrivenFinance AS and DDFinance Kenya

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Sustainability Summary

  • This is an unclaimed profile. DataDrivenFinance AS and DDFinance Kenya has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
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DataDrivenFinance AS and DDFinance Kenya Sustainability Profile

Sustainability Summary

  • This is an unclaimed profile. DataDrivenFinance AS and DDFinance Kenya has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
Powered by Tracker AI BETA; there may be errors

What do our labels mean?

Certified B Corporation Logo

Certified B Corporation

DataDrivenFinance AS (DDFinance) is a Norwegian insurance and automation specialist with operations in Kenya through DDFinance Kenya. Its sustainability-related work focuses on financial inclusion, health and life insurance access for low-income households, and digital insurance systems that connect insurers, microfinance institutions, cooperatives, and underserved consumers. The company describes its vision as strengthening resilience among low-income households and has linked its model to SDG 17 through partnerships and digital platform-based collaboration. It also reports social performance, accountability, and transparency through B Lab certification.

About DataDrivenFinance AS and DDFinance Kenya

  • Status
  • Unverified
  • Employees
  • 5 - 25
  • Country
  • Norway

DataDrivenFinance AS and DDFinance Kenya Sustainability Actions

Launched digital insurance in Kenya

Kenya is our first country of operations. Together with our daughter company, DDFinance Kenya, we have innovated, developed, and piloted Collective Based-Insurance (CBI). CBI is built on digitizing informal trust and reputation within collectives. Today DDFinance Kenya operates a fully digital insurance market system in Kenya.

Improved access to insurance

DDFinance is a Norwegian insurance and automation specialist, established to enable low-cost insurance for the uninsured low-income populations globally. The market system connects local insurance companies’ capacity to underwrite and carry risks directly with low-income consumers. Based on digital low-cost insurance workflows, the market system allows for profitable insurance products at very low premium levels.

Reported social impact areas

Customers: Get access to health and life insurance cover – in most cases for the first time in their lives. Beneficiaries: More young mothers can afford to give birth at hospitals – safer than delivery at home. Impact on Suppliers: More business for a multitude of DDFinance Kenya suppliers. Communities: Better personal health through better access to customer payment for health services. Government: A rare opportunity to improve national insurance penetration.

Achieved B Lab certification

2020 DDFinance Burundi Initiated Burundi feasibility studies initiated. B Lab's certification achieved by documenting social performance, accountability, and transparency. Investments in IPaaS development work tripled.

Joined Mastercard Lighthouse MASSIV

DDFinance is selected as 1 of 5 companies in Mastercard’s Lighthouse MASSIV program. The programme gathers promising Fintechs from the Baltic and the North to grow through partnerships and cooperation. The nomination supports an extension and deepening of partner cooperation for DDFinance, boosting progress towards reaching our vision: To strengthen resilience among low-income households.

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DataDrivenFinance AS and DDFinance Kenya Sustainability Commitments

2023

Focused on microfinance banks

Late 2023: Sales focus on microfinance banks (MFIs) where: 1. Owners value increased profitability through insurance sales. 2. Managers are held accountable towards insurance sales targets. 3. Struggling MFIs can double profit through insurance sales.

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What do our labels mean?

Certified B Corporation Logo

Certified B Corporation

About DataDrivenFinance AS and DDFinance Kenya

  • Status
  • Unverified
  • Employees
  • 5 - 25
  • Country
  • Norway

Sustainable Development Goals

DataDrivenFinance AS and DDFinance Kenya is committed to advancing these Global Goals to promote prosperity for people & planet.

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