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.

Insurance Commissioner Funa (center) together with Deputy Insurance Commissioner George Ongkeko Jr. (left of Funa), MiMAP President Silvida Antiquera (right of Funa), Executive Director Jun Jay Perez (rightmost in white barong), and other MiMAP Board of Trustees pose for a picture right after the dialogue.

Atty. Dennis Funa, Insurance Commissioner, requested key persons from IC to look into the documents of MiMAP regarding IFRS 17 implementation, Mi-MBA tax exemption and proposed SRO for Mi-MBAs, for a later discussion with the Association. Additionally, Commissioner Funa gave a nod to MiMAP’s request for its Board of Trustees oath-taking ceremony during the celebration of IC anniversary every January. These dialogues are conducted with the Insurance Commission as part of the Association’s thrust in providing an enabling policy environment for the Mi-MBA sector.

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