• Microinsurance Mutual Benefit Associations band together to push financial inclusion agenda

    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 ...

    Posted at April 10, 2018 | By : | Categories : Newsletter | 0 Comment
  • Citi’s Support for Microinsurance Sector Showcased in Three Industry Events

    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 ...

    Posted at April 6, 2017 | By : | Categories : Newsletter | 0 Comment
  • 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 ...

    Posted at April 6, 2017 | By : | Categories : Newsletter | 0 Comment