MABS provides research support to enhance Microinsurance Services

MABS collaborated with FAIR Bank in conducting a series of focus group discussions (FGD) and client surveys among the Bank’s microfinance clients between July 28 and July 31. Risks for microfinance households and their response to these risks were determined, along with clients’ needs and preferences pertinent to insurance products and services. Salient aspects of the research activity were presented to FAIR Bank President Mr. Boy Verallo and his management team. Subsequently, the research results shall be consolidated with studies conducted in other rural bank communities in order to serve as inputs for the development of more appropriate microinsurance products to be offered by commercial insurance providers for clients of rural banks.