Strengthening ties to expand microinsurance coverage

Amid the recent devastation brought by Typhoons Tino and Uwan, which left millions of families grappling with loss and uncertainty, the Microinsurance Mutual Benefit Association of the Philippines (MiMAP) - also known as RIMANSI — renewed its call for stronger collaboration to protect vulnerable Filipinos through microinsurance.

- 

In a productive dialogue held with Insurance Commissioner Reynaldo Regalado and his Microinsurance Team last Oct. 29, RIMANSI presented the sector’s latest performance, its disaster response efforts, and strategic plans to expand microinsurance access nationwide. The meeting underscored a shared goal: ensuring that even the poorest Filipino families have a financial safety net when disasters strike.

I joined RIMANSI President Silvida “Salve” Antiquera and Programs Officer June-An Villojan, as well as CARD MBA CEO Jocelyn Dequito and Compliance Director Jennifer Redublo. The discussion reflected a strong partnership between the private sector, mutual benefit associations (MBAs), and the Insurance Commission in building a more resilient and inclusive insurance ecosystem.

Microinsurance protects 29M lives

Ms. Antiquera shared that as of June 2025, the RIMANSI network comprises 20 MBAs, collectively insuring 9.21 million families —equivalent to more than 29 million lives nationwide. The MBAs have generated P3.99 billion in premium collections and released P1.63 billion in claims, demonstrating the sector’s capacity to sustain operations while delivering timely support to members.

“Every day, our MBAs process an average of 263 death claims, equivalent to more than P9 million in benefits paid out daily,” Ms. Antiquera said. “These figures show how microinsurance provides security and peace of mind to low-income families who are the most vulnerable to life’s uncertainties.”