the photo are (L-R) African Risk Capacity (ARC) Chief of
Operational Planning Mr. Papa Zoumana Diarra, Deutsche Welle
TV Global Broadcaster Monica Jones, Dr. Alip who also a
member of the board of International Co-operative and Mutual
Insurance Federation (ICMIF), and InsuResilience Head Dr.
Paving the way to
effective risk financing solutions
December 18, 2018
SAN PABLO CITY –
CARD Mutual Benefit Association’s (CARD MBA) experiences and
strategies in delivering affordable and efficient microinsurance
products for the socioeconomically challenged communities in the
Philippines is one of the featured talks at the Global Partnership
Forum of InsuResilience Global Partnership on December 10, 2018 in
Katowice, Poland (COP24).
Dr. Jaime Aristotle B.
Alip, the founder and chair emeritus of CARD Mutually Reinforcing
Institutions (CARD MRI) where CARD MBA is a member institution,
highlighted in his talk the business model and strategic direction
of CARD MBA, the 1-3-5 claims settlement.
The said scheme ensures
that the claim of every policy holder must be given within one day
to a maximum of five days.
Moreover, CARD MBA offers
life insurance at P15 (USD 0.3) per week to more than six million
clients of CARD financial institutions insuring more than 23 million
CARD MRI is a group of 21
development-oriented institutions that aims to eradicate poverty
through microfinance, social protection, and community development.
The 2nd Partnership Forum
serves as a platform to exchange experience and knowledge in
exploring successful ways to promote climate and disaster risk
finance and insurance solutions.
At least 200 participants
from governments to representatives of international organizations,
civil society, private sector, and academia attended the forum.