Northern Bicol Federation Rural Banks Completed Microinsurance Training Course

Thirteen rural bank-members of the Northern Bicol Federation participated in the 16th Basic Microinsurance Training Course on December 16-17 at Café Frederico in Naga City. To date, 354 rural bank officers and staff from 168 rural banks have completed the training.

The two-day course is designed to guide and qualify rural banks to properly complete the licensing and approval process prescribed by the Insurance Commission, the Bangko Sentral ng Pilipinas and the Securities and Exchange Commission. After successful completion of the course training and the examination, participants will be certified as trained by RBAP, qualifying them as microinsurance soliciting officers of their respective banks.

Northern Bicol Federation rural banks represented were: Bangko Rural ng Pasacao, Municipal Rural Bank of Libmanan, Municipal Rural Bank of Nabua, Peñafrancia Rural Bank of Calabanga, Rural Bank of Goa, Rural Bank of Jose Panganiban, Rural Bank of Ocampo, Rural Bank of Paracale, Rural Bank of Pola, Rural Bank of Ragay, Rural Bank of San Jose, Rural Bank of San Vicente, and Rural Bank of Tigaon.

The course was conducted by Rural Bankers Research and Development Foundation, Inc. (RBRDFI) with support from the United States Agency for International Development-supported Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services Program and the Microinsurance Innovation Facility of the International Labor Organization (ILO).