USAID and RBAP Receive BSP Financial Inclusion Partner Award

At the 2012 Awards Ceremony and Appreciation Lunch for stakeholders on July 4, 2012, the Bangko Sentral ng Pilipinas (BSP) presented the United States Agency for International Development (USAID) and the Rural Bankers Association of the Philippines (RBAP) the Financial…

2012 RBAP-MABS Microfinance Conference and Awards Ceremony

Over 200 rural bankers and other participants throughout the Philippines attended the 2012 National Roundtable Conference organized by the Rural Bankers Association of the Philippines (RBAP) – Microenterprise Access to Banking Services (MABS) Program. The two-day conference is a gathering…

Rural Banks Transforming Microinsurance from Service to Business

The Microinsurance Initiative of the RBAP-MABS Program began in May 2008. Since then, the Initiative has progressed and assisted 192 rural banks towards becoming responsible and legitimate agents of properly regulated and sustainable microinsurance products and services. Three rural banks…

Banks Now Serve 1 Million Active Micro-Borrowers

Opening the 2012 National Roundtable Conference of the Rural Bankers Association of the Philippines – Microenterprise Access to Banking Services Program (RBAP-MABS) on June 7, 2012, Ms. Chuchi Fonacier, Managing Director of Bangko Sentral ng Pilipinas (BSP), cited a set…

Prudential notes increase in 2011 microinsurance claims

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…

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…

Why reinvent the wheel? Use existing tools that work

Microinsurance Innovation Facility – As more institutions enter microinsurance, it is efficient to make use of existing tools that work, in order to minimize the resources needed to develop successful tools. An encouraging example comes from Seguros Futuro. When Seguros Futuro…

RBAP-MABS Microinsurance Partners Recognized at Gabi ng Parangal

To culminate Microinsurance Month, the Insurance Commission spearheaded an awarding ceremony themed “Gabi ng Parangal at Pasasalamat sa mga Tagapagtaguyod ng Microinsurance” to recognize organizations promoting microinsurance in the country. The awarding ceremony was held on January 31 at the…

RBAP-MABS Participates in the Microinsurance Advocacy Training

In celebration of Microinsurance Month, a three-day Training on Microinsurance Advocacy (TOMA) was held in Tagaytay City from January 18-20. The Microinsurance Teams of the United States Agency for International Development-supported Rural Bankers Association of the Philippines-Microenterprise Access to Banking…

More Rural Banks Complete Microinsurance Training Course

Eighteen rural banks based in Luzon and Mindanao recently completed the Rural Bankers Association of the Philippines (RBAP) Basic Microinsurance Training during two separate sessions. Twenty-nine (29) bank officers and staff from ten (10) rural bank-members of the Cagayan-Kalinga Federation…