Lakbay-Aral with the CARD MRI Center Chiefs

CARD MRI Center Chiefs and coordinators once again flocked at Mi-MAP`s head office to further expand their knowledge about the institution and microinsurance as part of their Lakbay-Aral. The Lakbay-Aral activity aims to establish a closer connection between Mi-MAP and its stakeholders. The center chiefs were all given an office tour of the Mi-MAP office […]

ERM Framework and ORSA Tool Eyed for Financial Inclusion

Mi-MAP will develop an Enterprise Risk Management (ERM) Framework and Own Risk and Solvency Assessment (ORSA) Tool for Microinsurance MBAs (Mi-MBAs) under the program “Building Microinsurers Capacities for Greater Financial Inclusion”. This is made possible through the support from the Peace and Equity Foundation (PEF). The Enterprise Risk Management is designed to identify potential events […]

Mi-MAP Conducts Program for Building Microinsurers Capacities

In line with its long-term goal of achieving 12 million members covering 48 million lives by the year 2024, Mi-MAP co-established the program, Building Microinsurers Capacities for Greater Financial Inclusion. The main mission of the program is to help Mi-MBAs achieve and sustain membership growth through capacity building interventions such as in developing new products, […]

PREMIUM Update: CCA Actuarial Consultant Narine`s Philippine Study Visit

  The Canadian Co-ooperative Association (CCA)-supported project Micro-insurance and Women’s Microenterprises (Bagong Araw PREMIUM Project) is on smooth implementation. The latest breakthrough for this project is the hiring of Mr. Terrence Narine as International Actuarial Consultant. The initial stage of this endeavour is the study visit by Mr. Narine last September 11 to 23, 2016. […]

Mi-MAP Spearheads Claims Administration Training Series

During the second half of 2016, Claims Administration Trainings was brought to various areas in the Philippines. This training aimed to intensify and to reinforce the knowledge and skills of MBA officers, especially provincial managers and claims personnel related to providing claims to beneficiaries. The training focused on life microinsurance and various requirements in processing […]

MiMAP Geared to Jump Start Two Projects in the Next Quarter

The Microinsurance MBA Association of the Philippines, Inc. (MiMAP) is set to undertake two separate projects with the Citi Bank Foundation and the Peace and Equity Foundation, Inc (PEF) backing its pursuit for greater financial inclusion. Both projects are in support of and preparation for the ICMIF 5-5-5, a development strategy that aims to insure […]

Mi-MAP Conducts Actuary-Guided Workshops for Member MBAs

In line with the new annual statement for Mutual Benefit Associations (MBAs) issued by the Insurance Commission (IC), Microinsurance MBA Association of the Philippines, Inc (MiMAP) conducted two consecutive workshops to guide and assist its network of Mutual Benefit Associations towards effective and on-time completion of their individual annual statement report. The first workshop, held […]

Representatives from National Bank of Ethiopia Attends 10-day Learning Session

CARD, Inc. and CARD Mutual Benefit Association, Inc. (CARD-MBA), in cooperation with Microinsurance MBA Association of the Philippines, Inc. (MiMAP) and the Microinsurance Division of the Insurance Commission (IC), showcased their practices to the representatives of the National Bank of Ethiopia as part of the 10-day learning session held last March 2016. The representatives were […]

First Conduct of the Series of Claims Administration Training Held

MBA Association of the Philippines debuted the first of the four scheduled Claims Administration Training last May 11-13 in Soleste Suites, Quezon City.The training was commissioned by CARD Mutual Benefit Association to address the problems encountered in the claims settlement process. Thethree-day training aimed to revisit and improve the claims settlement of the CARD MBA […]

IC allows MBAs to Grant Loans to Partner MFIs

The Insurance Commission (IC) allowed Mutual Benefit Associations (MBAs) to grant loans to its partner microfinance institutions (MFIs) following the proposal of the Microinsurance Mutual Benefit Association of the Philippines, Inc. (MiMAP).  In a regular policy dialogue with IC, MiMAP proposed to allow a loan not exceeding to the 10% of the Mi-MBAs total admitted […]