National Microinsurance Forum Showcases a Thriving Microinsurance Sector

The government and the private sector work together with microinsurance mutual benefit associations to bring microinsurance to millions of Filipinos.

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.

previous arrow
next arrow
Slider
At-a-Glance - December 2020

Mi-MBA Members - Partners

18

Membership

7.22 Million

Individual Insured

26.71 Million

Contribution - Premium

3.99 Billion

Claims - Paid

1.63 Billion

Equity Value Cumulative

11.37 Billion

Equity Value For The Year

1.24 Billion

Release of Equity Value

335.36 Million

Total Number of Claims Paid (BLIP)

66,847

Average Amounts of Death Claims per Day

4.46 Million

Average Number of Death Claims per Day

183

Mi-MBA Claims Updates during National State of Calamity

Covered Period : March 16 to December 31

“There are 1,724 COVID-19 related claims “

Total amount of claims paid

1.26 Billion

Average amount of claims paid daily

3.53 Million

Total numbers of claims paid

57,436

Average numbers of claims paid daily

161

Stories Behind Us

NATIONAL MICROINSURANCE FORUM S1

NATIONAL MICROINSURANCE FORUM S3

NATIONAL MICROINSURANCE FORUM S2

NATIONAL MICROINSURANCE FORUM S4

Events

Annual General Meeting
March 23, 2021
16th Annual General Meeting