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.

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At-a-Glance - December 2019

Mi-MBA Members - Partners

18

Membership

6.86 Million

Individual Insured

24.93 Million

Contribution - Premium

4.81 Billion

Claims - Paid

1.43 Billion

Equity Value Cumulative

10.24 Billion

Equity Value For The Year

956.10 Million

Release of Equity Value

447.82 Billion

Total Number of Claims Paid (BLIP)

65,053

Average Amounts of Death Claims per Day

3.91 Million

Average Number of Death Claims per Day

178

Mi-MBA Claims Updates during National State of Calamity

Covered Period : March 16 to May 15

“There are 131 COVID-19 related claims “

Total amount of claims paid

164.91 Million

Average amount of claims paid daily

2.89 Million

Total numbers of claims paid

6,732

Average numbers of claims paid daily

118

Stories Behind Us

ISLA AVP
Bayanihan

Events

Annual General Meeting
March 26-27, 2020
Annual General Meeting @ Ace Hotel and Suites