Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) Program assisted Rural Bankers Research and Development Foundation Inc. (RBRDFI) conduct the seventh (7th) batch of rural banks for the two-day Microinsurance Basic Training Course last July 14-15, 2011. This qualifies the represented rural banks to apply for Microinsurance Agent licensing with the Insurance Commission and the Bangko Sentral ng Pilipinas (BSP).
Organized by the Metro Manila Federation under the leadership of Mr. Davidson Pascual, the largest Microinsurance Basic Training was attended by thirty-three (33) participants comprised of officers, managers and front liners from thirteen (13) rural banks from Metro Manila and its peripheral municipalities. The RBAP MI Training employed a mix of group workshops and simulation activities that kept the trainees engaged and active.
RBAP training for rural banks covers the fundamentals of microinsurance selling, marketing and servicing. RBRDFI Chairperson Ma. Cora Liamzon-Miller delivered a brief message culminating the training event. She emphasized the window of opportunities that microinsurance offer to rural banks, such as strengthening their overall competitiveness and responsiveness to the low-income market.