Agricultural Microinsurance Framework launched in Philippines

Thursday, February 11, 2016

During the culminating event of the Philippines' National Microinsurance Month, the Department of Finance-National Credit Council (DOF-NCC), Insurance Commission (IC), supported by the Asian Development Bank - Japan Fund for Poverty Reduction (ADB-JFPR) Capacity Building for Microinsurance launched the Agricultural Microinsurance (MicroAgri) Framework.

Developed through the joint effort of a Technical Working Group with members from government agencies and industry players, the Framework aims to promote and encourage the provision of simple, affordable and accessible agriculture microinsurance products. The Framework aims to encourage private microinsurance providers to innovate and design products tailor-fitted to the needs of clients dependent on agriculture, as well as promote public-private sector collaboration.

Read the full details of the framework here.