• Insurance Commissioner commended MiMAP in the recently held General Assembly

    Insurance Commissioner Emmanuel Dooc applauded the Microinsurane MBA Association of the Philippines, Inc (MiMAP) for its constant dedication to promote and improve the welfare of the insurance industry in raising the bar higher for MBAs. During the 2016 General Assembly of MiMAP, Commissioner Dooc said that the association has been instrumental in empowering and protecting millions of Filipinos in the fulfillment of its purpose of serving the marginalized and financially excluded citizens. Currently, MiMAP has 17 MBA members and 3.48 ...

    Posted at December 19, 2016 | By : | Categories : Newsletter | 0 Comment
  • Microinsurance Outreach Eyes Expansion Through Alternative Distribution Channels

    Gains, plans, and prospects were presented by Insurance Commissioner Emmanuel Dooc to give an overview of the status of the current stature of microinsurance industry in the Philippines. During his speech, Dooc highlighted that the microinsurance industry remains a positive force inside the financial industry as it plays a pivotal role in uplifting peoples’ lives towards full financial inclusion. Different alternative distribution channels were explored and identified during the annual microinsurance forum to which over 100 participants from the microinsurance industry gathered ...

    Posted at December 19, 2016 | By : | Categories : Newsletter | 0 Comment
  • IC Issued Adoption and Implementation of the Enhanced Regulatory Framework

       The Enhanced Regulatory Framework was conceptualized by a technical working group (TWG) composed of the IC, Department of Finance, other government agencies and private sectors, including the Microinsurance MBA Association of the Philippines (RIMANSI)    The Insurance Commission (IC) circulated a letter mandating Mutual Benefit Associations (MBAs) among others to adopt and implement the Enhanced Regulatory Framework in their respective associations.    The enhanced framework was taken off from the Regulatory Framework for Microinsurance launched by the Philippine government in January 2010. With the positive response of the insurance industry in this initiative, the government aims to expand ...

    Posted at October 21, 2016 | By : | Categories : Newsletter | 0 Comment