Citi Foundation invests in RIMANSI to build microinsurers’ capacities
In partnership with Citi Foundation, RIMANSI recently launched Building Microinsurers’ Capacities for Greater Financial Inclusion. This project consists of capacity building interventions to help Mi-MBAs achieve and sustain membership growth.
There are three components of the said project:(1) Professional Training Program will develop new courses in good governance, best business risk management practices and claims administration; (2) Product Development will focus mainly on the creation of new products or enhancement of existing products, and; (3) Investment Management Support will be about the creation of an investment mix model for the Mi-MBAs that can assist them in shaping their institutional investment policy as well as establish a network level investment and fund management mechanism.
The project will benefit the association in general through improved leadership and management among Mi-MBAs. It is also seen as an effective tool in propagating the shared development strategy with the International Cooperative and Mutual Insurance Federation (ICMIF) tagged as 5-5-5 of securing 5 million families in 5 countries of concern in 5 years.
Citi Foundation, which provided the grant for the execution of this project, is committed to promoting economic progress in communities around the world focusing on initiatives that expand financial inclusion