Microinsurance penetration rate to reach nearly 50% in the Philippines by 2022

Friday, January 27, 2017
Philippines Insurance Commissioner, Dennis Funa has said that the micronsurance penetration rate in the country is expected to nearly double and increase from 25.4%, seen at the end of Q3 2016, to 48.7% by 2022. Of the 26 million Filipinos (roughly a quarter of the total population) protected by a microinsurance product, 59% (15.6 million individuals) were generated by the Microinsurance-Mutual Benefit Associations (Mi-MBAs), according to Mr. Funa.
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We are hiring

Thursday, January 26, 2017

The Microinsurance Network is hiring a Chief Executive Officer (CEO). The post-holder will be responsible for evolving and implementing the vision and strategy of the Network, and will be accountable for increasing its reach and relevance, building and driving strategies to ensure its financial sustainability. For more details on the role and information on how to express an interest in this position, please view the full Terms of Reference at the link below. The deadline for applying is March 15, 2017.

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