Gov’t, industry finalizing microinsurance strategy

A WORKING GROUP, composed of representatives of the government and the private sector, has approved a draft strategic framework to encourage investments on microinsurance products intended to provide safety nets to the country’s poorest sectors.
Finance Undersecretary Gil S. Beltran said the technical working group (TWG) approved a draft “National Strategy for Micro-insurance” in a meeting held in Batangas last Friday.
He said the final strategic framework will be launched early next year after a series of consultations with stakeholders nationwide.
“We are finalizing the strategy for microinsurance. The draft will be presented to stakeholders. It will be the subject of consultations. The TWG approved the draft today (November 13),” he told BusinessWorld last Friday.
“The draft enumerates the things we will do to encourage the private sector to offer micro-insurance. It is important because it defines the roles of the stake-holders. We will launch the national strategy [for microinsurance] on January 28,” he added.

Business World – A WORKING GROUP, composed of representatives of the government and the private sector, has approved a draft strategic framework to encourage investments on microinsurance products intended to provide safety nets to the country’s poorest sectors.

Finance Undersecretary Gil S. Beltran said the technical working group (TWG) approved a draft “National Strategy for Micro-insurance” in a meeting held in Batangas last Friday.

He said the final strategic framework will be launched early next year after a series of consultations with stakeholders nationwide.

“We are finalizing the strategy for microinsurance. The draft will be presented to stakeholders. It will be the subject of consultations. The TWG approved the draft today (November 13),” he told BusinessWorld last Friday.

“The draft enumerates the things we will do to encourage the private sector to offer micro-insurance. It is important because it defines the roles of the stake-holders. We will launch the national strategy [for microinsurance] on January 28,” he added.

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