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Gearing Towards Sustainability and Inclusion through FinTech Ed Efforts. Changes in contemporary society continue to highlight the volatility of the microinsurance industry. For one, the call for digitization is as tantamount as ever with the need for microinsurers to adapt to modern tools and processes. Not to mention the risks faced by the members also evolve with global changes, such as the pandemic and climate change.
The Microinsurance MBA Association of the Philippines Inc. (MiMAP), also known as RIMANSI, in partnership with Globe Business, held a learning session entitled “Strengthening Women’s Role in Mi-MBA Governance” on March 30, Friday, via Zoom videoconferencing in celebration of the association’s anniversary and women’s month. More than a hundred members of the Board and management staff from 11 Microinsurance-Mutual Benefit Associations (Mi-MBAs) were in attendance.
MANILA – The Microinsurance MBA Association of the Philippines Inc. (MiMAP, also known as RIMANSI) held its 18th Annual General Meeting on March 14 (Tuesday) at ACE Hotel & Suites in Pasig. More than 30 MiMAP board members and official representatives of MiMAP members were in attendance.
The Microinsurance MBA Association of the Philippines Inc. (MiMAP), also known as RIMANSI, held its first learning session of the year entitled “Ensuring Efficient CLIP Administration: The CARD MBA Way” on February 21, Tuesday.
SURIGAO DEL NORTE – The Surigao Economic Development and Microfinance Foundation, Inc. (SEDMFI) and MiMAP conducted a product consultation on February 10 at Parkway Hotel in Surigao City. MiMAP Executive Director Mr. Jun Jay Perez, MiMAP Actuarial Officer Ms. Judith Torres, SEDMFI Executive Director Ms. Imelda Wines, General Manager Mr. Jules Lacsamana, and SEDMFI branch officers attended the said event.
In the wake of the COVID-19 pandemic, technology has played an even more central role in society. Due to community lockdowns and restrictions on mobility and mass gatherings implemented across the globe, almost all aspects of life became tech-driven, where most operations were performed remotely and digitally to help contain the virus
The government and the private sector work together with microinsurance mutual benefit associations to bring microinsurance to millions of Filipinos.
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.
By the Microinsurance MBA Association of the Philippines, Inc. (MiMAP)
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.
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.
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.
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.
The Microinsurance MBA Association of the Philippines Inc. (MiMAP), also known as RIMANSI, held the 2019 Management Forum titled “Managing Regulatory, Performance and Systems Risks” in Quezon City from July 22 to 24, participated by a total of 72 participants from 16 microinsurance mutual benefit associations (Mi-MBAs).
The KCCDFI MBA-Marikina Partnership Review was conducted by the Microinsurance MBA Association of the Philippines Inc. (MiMAP) also known as RIMANSI on July 11-12, 2019 in Quezon City to assess the current partnerships of KCCDFI MBA with reference to their objective of providing even further access to insurance for Filipinos.
Microinsurance MBA Association of the Philippines Inc.
1014 Medical Plaza Ortigas Bldg.
San Miguel Ave. Pasig City Philippines
Tel No. 8706-2561
Email: secretariat@rimansi.org / rimansi@yahoo.com
