Basic Microinsurance Training moved to December 9-10, 2015

I. Course Objectives

This training aims to enhance the capacity of rural banks to serve as effective access points for microinsurance services for its low-income clients.

It also designed to ensure bank compliance with the following regulations:

  • BSP Circular 683-2010: Marketing, Sale and Servicing of Microinsurance Products
  • Joint IC-CDA-SEC Memo Circular 1-2010: Defining Government’s Policy on Informal Microinsurance Services
  • Insurance Commission Memo Circular 1-2010: Regulations for the Provision of Microinsurance Products and Services (i.e. Institutional MI Agents)

II. Seminar Methodologies:

Cases, Small and Big Group Discussions, Business Games, Lectures

III. Expected Participants:
Bank Heads/Managers, Compliance Officers, Marketing Staff/Officers, Business Development Officers, Microfinance Supervisors/Staff, Loans Officers/Supervisors, Account Officers

We wish to reiterate the value of assigning two (2) or more participants from each bank, one of whom should be a permanent staff, able to serve as microinsurance soliciting officer or point person of the bank.

IV. Course Outline
Day 1 : Module 1 – Microinsurance Basics

  • Definition and Target Market
  • Household Risk Coping Mechanisms
  • Fundamentals of Insurance and Microinsurance
  • Types of Insurance Products and Common Riders
  • Characteristics of a Good Microinsurance Product
  • Risks in providing microinsurance
  • Key Performance Indicators

Day 2: Module 2 – Microinsurance in the Philippines

  • Microinsurance Regulations in the Philippines
  • Licensing Process and Requirements for Rural Banks
  • Managing Microinsurance Disputes

Module 3 – Effective Marketing of Microinsurance

  • Addressing common misconceptions about insurance
  • Ensuring service quality and consumer protection
  • Ethical Standards of Practice

Download the Full Details and Confirmation Sheet in PDF