Last updated on March 31st, 2020 at 02:05 pm

Mi-MBA Updates

Governance and AMLA Workshop conducted for Mi-MBA board and management staff

MANILA—From June 5 to 7 of 2019, board, managers and staff of eight microinsurance MBAs attended the Governance and Anti-Money Laundering Act (AMLA) Workshop (GAW) at the Manila Prince Hotel in Ermita, Manila.

RIMANSI goes to Sorsogon for PALMFSI-CARE MBA Partnership Review

Sorsogon—From May 21–22, 2019, Microinsurance MBA Association of the Philippines (MiMAP also known as RIMANSI) facilitated the PALMFSI-CARE MBA Partnership Review to assess the status of the partnership of two institutions by looking at the accomplishments and objectives met.

Microinsurance discussed in NSCC MBA and CARE MBA Annual General Meeting

The Microinsurance MBA Association of the Philippines (MiMAP also known as RIMANSI) attended the respective Annual General Meetings (AGM) of CARE MBA and NSCC MBA to primarily provide a lecture on microinsurance to the general membership of the microinsurance MBAs.

MiMAP (RIMANSI) conducts Annual Statement Workshop to assist Mi-MBAs

Quezon City—On April 23, 2019, the Microinsurance MBA Association of the Philippines (MiMAP, also known as RIMANSI) conducted its Annual Statement Workshop for member microinsurance MBAs to aid them in the preparation and review of required annual submissions to the Insurance Commission (IC).

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At-a-Glance - December 2019

Mi-MBA Members - Partners

18

Membership

6.86 million

Individual Insured

24.93 million

Contribution - Premium

4.81 billion

Claims - Paid

1.43 billion

Equity Value Cumulative

10.24 billion

Equity Value For The Year

956.10 million

Release of Equity Value

447.82 million

Total Number of Claims Paid (BLIP)

65,053

Average Amounts of Death Claims per Day

3.91 million

Average Number of Death Claims per Day

178

Mi-MBA Claims Updates during National State of Calamity

Covered Period : March 16 – 27

“No Covid-19 related death reported”

Total amount of claims paid

Php 21.71 Million

Average amount of claims paid daily

Php 2.58 Million

Total number of claims paid

1,083

Average number of claims paid daily

132

Stories Behind Us

ISLA AVP
Bayanihan

Events

Microinsurance Forum 2020
January 30, 2020
Microinsurance Forum will be held in PICC