MABS prepares RB Guinobatan for Microinsurance

Aiming to assist its participating banks in providing microinsurance services responsive to their clients’ needs, MABS conducted a microinsurance client demand study for the Rural Bank of Guinobatan, Inc. (RBGI) on February 24-26.
The study revealed that the bank’s low-income clients are becoming increasingly aware of their family’s risk protection needs. By including microinsurance in their microfinance services, RBGI hopes to respond to its clients needs, encourage client loyalty and expand bank outreach.
Together, MABS and RBGI collated information from client feedback and insurance market trends. With assistance from MABS, the bank is expected to partner with a commercial insurer to provide microinsurance in its area of operation.
Microinsurance survey for RB Guinobatan

Microinsurance survey for RB Guinobatan

Aiming to assist its participating banks in providing microinsurance services responsive to their clients’ needs, MABS conducted a microinsurance client demand study for the Rural Bank of Guinobatan, Inc. (RBGI) on February 24-26.

The study revealed that the bank’s low-income clients are becoming increasingly aware of their family’s risk protection needs. By including microinsurance in their microfinance services, RBGI hopes to respond to its clients needs, encourage client loyalty and expand bank outreach.

Together, MABS and RBGI collated information from client feedback and insurance market trends. With assistance from MABS, the bank is expected to partner with a commercial insurer to provide microinsurance in its area of operation.