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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.
PASAY CITY – On 30 January 2020 (THURSDAY), the Microinsurance MBA Association of the Philippines (MiMAP), also known as RIMANSI, organized the National Microinsurance Forum at the Philippine International Convention Center in Pasay City.
QUEZON CITY, MANILA — On 20 January 2020 (MONDAY), the Microinsurance MBA Association of the Philippines (MiMAP), also known as RIMANSI, marked the start of the 3rd phase of the Citi Project. MiMAP—in partnership with Citi Foundation—conducted a Needs Assessment for Member Education and Management Information System (MIS) at the Kasagana-Ka MBA Member Center building in Quezon City, Manila.
MANILA—From June 5 to 7 of 2019, board, managers and staff of eight microinsurance MBAs attended the Governance and Anti-Money Laundering Act (AMLA) Workshop (GAW) at the Manila Prince Hotel in Ermita, Manila.
Sorsogon—From May 21–22, 2019, Microinsurance MBA Association of the Philippines (MiMAP also known as RIMANSI) facilitated the PALMFSI-CARE MBA Partnership Review to assess the status of the partnership of two institutions by looking at the accomplishments and objectives met.
The Microinsurance MBA Association of the Philippines (MiMAP also known as RIMANSI) attended the respective Annual General Meetings (AGM) of CARE MBA and NSCC MBA to primarily provide a lecture on microinsurance to the general membership of the microinsurance MBAs.
Quezon City—On April 23, 2019, the Microinsurance MBA Association of the Philippines (MiMAP, also known as RIMANSI) conducted its Annual Statement Workshop for member microinsurance MBAs to aid them in the preparation and review of required annual submissions to the Insurance Commission (IC).
Leyte—On March 28, 2019, fifty-six (56) sari-sari storeowners participated in games and activities that teach risk-managing financial services and business resilience.
TANAY, RIZAL— Microinsurance MBA Association of the Philippines (MiMAP, also known as RIMANSI) had the 2019 Annual General Meeting (AGM) from March 20 to 22 of 2019. Around 60 board and staff from the association and its network of Mi-MBAs were in attendance.
PASIG—On March 20, 2019, Microinsurance MBA Association of the Philippines (MiMAP, also known as RIMANSI) held a Learning Session at the Ace Hotel & Suites in Pasig City. The learning session titled “Investment Strategy and Policy Development” took place during day one of the 2019 Annual General Meeting (AGM).
Microinsurance MBA Association of the Philippines Inc.
1014 Medical Plaza Ortigas Bldg.
San Miguel Ave. Pasig City Philippines
Tel No. 8633-9327 / 8706-2561
Email: secretariat@rimansi.org / rimansi@yahoo.com
