Prudential notes increase in 2011 microinsurance claims

THURSDAY, 19 APRIL 2012 20:26 JUN VALLECERA / REPORTER. BUSINESS MIRROR  THE Philippine Prudential Insurance Co. Inc. has reported paying more than P22 million worth of claims in 2011, a substantial increase compared to 2010 when payouts totaled only P2.49 million. Company officials said this indicated a renewed and more vigorous pursuit of a program [...]

TOP FIVE tips to build a successful microinsurance partnership

Microinsurance Innovation Facility – Highlights on the recently conducted webinar on Managing Partnerships in Microinsurance: A successful partnership requires a clear understanding of the business problem that a distribution partner has and how insurance is going to fix it. Financial incentives such as commissions may not be sufficient (see Emerging Insights #32). Will insurance help [...]

RBAP trains more rural bankers as Microinsurance agents

On March 31, the USAID-supported RBAP-MABS program and the microinsurance team of the Rural Bankers Research and Development Foundation Inc. (RBRDFI) conducted the 3rd Microinsurance Basic Training for rural banks with the support of the ILO Microinsurance Innovation Facility. The training was aimed at building the capability of rural bank staff to qualify them as [...]

More rural banks complete training for Microinsurance agent licensing

Eight more rural banks successfully completed the two-day Basic Microinsurance Training Course conducted on March 3-4 by the Rural Bankers Research and Development Foundation Inc (RBRDFI) and the USAID-supported RBAP-MABS program. This is in addition to the pilot batch of nine banks trained by RBRDFI on January 27-28. The training fulfills an important requirement for [...]