Five thrusts, one common direction

In promoting greater financial inclusion and reducing poverty through microinsurance, Mi-MBA members share a common mission to provide risk protection to 12 million members by year 2024 covering 48 million.

The Association advances a united policy and advocacy agenda for mutual microinsurance growth and sustainability founded on the values of listening, recognizing, respecting, proposing, doing, involving, and blending.

We have enabled discussions with regulatory authorities, especially our partnership with the Insurance Commission during policy formulation. Through our regular dialogues with IC, we help in enabling a conducive policy environment and opening of more opportunities for Mi-MBAs.

The mutuality principle enables resources to be leveraged across the Association’s Mi-MBA members to lower costs, standardize processes and promote scalability.

Research and development in terms of new products and programs incurs cost that may be recovered in a longer term. RIMANSI facilitated development of products and services having in mind tried and tested policies, as well as context-specific to Mi-MBAs.

The Association provides the mechanism for mutual protection through performance and compliance management support services so that no one is left behind.

Programs that enhance mutuality among Mi-MBAs in line with insurance concept that spreads the risk among a large number of contributors.