Braving the New Normal with Greater Social Protection Through Microinsurance

In these challenging times brought on by the pandemic, microinsurance has become an important lifeline for Filipinos with low income and limited access to mainstream insurance services. Microinsurance has come a long way in the Philippines, from a coverage of less than three million low-income Filipinos in 2007, the number has surged to 40 million individuals in 2019.

Lakbay Aral Summary for 2019

For the second half of the year, 266 CARD MRI members and staff visited the Microinsurance MBA Association of the Philippines Inc. (MiMAP, also known as RIMANSI). These participants visited for the Lakbay Aral organized by CARD MRI wherein staff and members are introduced to partner organizations and institutions.

MiMAP has dialogue meeting with Insurance Commission

On October 17, 2019, MiMAP Board officers and members had a dialogue with the Insurance Commission (IC). The association presented key sectoral updates to the IC. Important matters such as the IFRS17 implementation, the Mi-MBA tax exemption and the proposed self-regulatory organization (SRO) for Mi-MBAs were discussed.

MiMAP holds Governance and AMLA Workshop for Mi-MBAs

The Microinsurance MBA Association of the Philippines Inc. (MiMAP) or RIMANSI, conducted a Governance and Anti-Money Laundering Act (AMLA) Workshop for 42 newly elected board members and senior staff of nine microinsurance mutual benefit associations (Mi-MBAs), from October 9-11, 2019 at the Bayview Park Hotel in Ermita, Manila.

Microinsurance MBA Study Mission with RMF, SEDMFI and TSPI MBA

The Microinsurance MBA Association of the Philippines Inc. (MiMAP) or RIMANSI accompanied RAFI Micro-Finance Inc. (RMF), Surigao Economic Development and Microfinance Foundation Inc. (SEDMFI) and Tulay Sa Pag-unlad Inc. (TSPI) MBA from September 10-12, 2019 in a study tour to selected Mi-MBA Offices in Luzon and their partner MFI’s branch offices.

Mi-MBAs convene for 2019 Management Forum in Quezon City

The Microinsurance MBA Association of the Philippines Inc. (MiMAP), also known as RIMANSI, held the 2019 Management Forum titled “Managing Regulatory, Performance and Systems Risks” in Quezon City from July 22 to 24, participated by a total of 72 participants from 16 microinsurance mutual benefit associations (Mi-MBAs).

MiMAP conducts KCCDFI MBA-Marikina Partnership Review

The KCCDFI MBA-Marikina Partnership Review was conducted by the Microinsurance MBA Association of the Philippines Inc. (MiMAP) also known as RIMANSI on July 11-12, 2019 in Quezon City to assess the current partnerships of KCCDFI MBA with reference to their objective of providing even further access to insurance for Filipinos.