Citi Foundation Microinsurance program ends on a high note with a Learning and Sharing Forum in Mindanao
In a bid to further promote financial inclusion, the Microinsurance MBA Association of the Philippines, Inc. (RIMANSI) conducted a Learning and Sharing Forum last November 24, 2017 in Butuan City, Agusan del Norte. The multi-stakeholder forum is the culminating activity of a grant funded by Citi Foundation for the project Building Microinsurers’ Capacities for Greater Financial Inclusion, which supports the growth strategy of Microinsurance Mutual Benefit Associations (Mi-MBAs) through capacity building interventions focused on governance and management training, developing new products and investment policies and options to sustain growth.
Microinsurance is a mechanism to protect the health and livelihoods of low-income households against risks such as accident, illness and property loss. Insurance Premiums are tailored to their needs, income and level of risk. But the penetration level for microinsurance among the poor remains low. With the primary goal to make microinsurance more accessible to all, a Management Forum was held in Butuan City, Agusan del Norte in November 22 to 23, bringing together 16 Microinsurance Mutual Benefit Associations (Mi-MBAs) all over the country to discuss strategic and organizational planning tools and frameworks. This forum is just ...
In celebration of National Microinsurance Month, the Microinsurance MBA Association of the Philippines (RIMANSI), hosted its annual forum and formally launched its partnership with Citi Foundation and Citi Philippines. RIMANSI is a microinsurance resource center and an association of 17 Microinsurance Mutual Benefit Associations (Mi-MBAs) in the Philippines, with a combined membership of 4.28 million, insuring about 17 million lives nationwide. For the last decade, RIMANSI has been in the forefront of providing business development support services to rural development finance organizations to promote universal risk protection for the vulnerable sectors of the society. Mi-MBAs are community-based ...