Cebuana Lhuillier pledges to bolster disaster resilience through microinsurance

Thursday, January 28, 2016
During the 2016 Ready: Disaster Resilience Forum – The Role of Microinsurance in Building Disaster-Resilient Communities held on 27 January, in Makati City, Philippines, Cebuana Lhuillier Microinsurance stressed the importance of microinsurance as a tool for disaster preparedness and pledged to strengthen disaster resilience in the country for this year and beyond.  
President and CEO Jean Henri Lhuillier urged attendees to understand their possible roles in disaster management stating that “calamities and disasters impact everyone, especially the poor and most vulnerable communities." And he added "we are giving our full commitment to contribute to our country’s disaster resilience through the microinsurance products and services we offer in Cebuana Lhuillier and by actively promoting it for public awareness.” During the Forum, Lhuillier also encouraged multi-stakeholder partnerships and collaborations among organisations that share the same objective of building disaster-resilient communities.
 
The Forum was presented in three parts—Ready to Initiate, Ready to Collaborate, and Ready to Innovate—and highlighted the role of microinsurance as a key tool in disaster readiness, citing stories of Typhoon Haiyan (locally known as Yolanda) survivors´ recovery post-disaster. 
 
Co-organised by the Insurance Commission (IC) and the GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit) Regulatory Framework Promotion of Pro-Poor Insurance Markets in Asia (GIZ-RFPI Asia), the Forum coincides with the observance of January as Microinsurance Month in the Philippines.

Click here to read the full article on Inquirer.net
Click here to read the Network's publication on the effectiveness of microinsurance service providers' response to Typhoon Haiyan.