Dr. Antonis Malagardis MIPSS, Programme Manager

What is KAPWA?

This notion of ‘shared Self” extends the I to include the Other. It bridges the deepest individual recess of a person with anyone

outside him or herself, even total strangers

The core of Filipino personhood is ‘kapwa’

Individuals who are guided by ‘Kapwa’ can be recognized by their genuine, people-centered orientation, their service to

those around them and their commitment to their communities.

They are quick to lend a hand and share their skills and knowledge freely by teaching children, working with the poor or

facilitating workshops and discussions. Their help usually comes with a BIG SMILE.

What are the key issues from GTZ side?

How are global actors involved in the area of MI?

Which is the strategic view of the German Development Cooperation?

What is the impact of Microinsurance Innovations Program for Social Security (MIPSS)?

Are there any Lessons Learnt?

Any recommendations to make?

MI as a Strategy of GDC

Interweaving promotion strategies across disciplines

Building on experience in supporting microfinance

Interaction between MI and pro-poor financial services

International networking with other donors and technical support organizations

15.11.2010 Seite 5

World Bank, ILO, ADB,

IADB, IFAD, etc

Global Actors and Strategic Activities

MIPSS Component 1 & 2 Framework & Innovative Products for Microinsurance (MI)

Supported the development of the MI regulatory framework

Defined MI according to target group, premium, benefits

Expanded the players that can provide MI contracts

Include MFIs that can sell MI products

Provided incentives to MI providers

MIPSS Component 1 & 2 Framework & Innovative Products for Microinsurance (MI)

Launched a MI National Strategy

Defined roles of key stakeholders especially government and private sector

Defined options to MI formalization

MIPSS Component 1 & 2 Framework & Innovative Products for Microinsurance (MI)

Up coming – Training manuals and Fin Lit materials.

For regional consultations – Draft financial literacy roadmap for MI.

For consultations – RBC for MI providers within the frame of performance standards

Up coming – Capacity building of regulators and stakeholders.

Up coming – Formal launching of MI Performance Standards, FinLit Roadmap (Jan 28, 2011)

Up coming – Innovative MI products

MIPSS Component 3 Social Protection in case of Illness

In progress - Assessment for enhancement of KaSAPI, a group enrolment program of informal sector to PHIC with MFIs as partners

In progress - Studies on viability of Micro Health insurance products

In progress – Negotiations of contracts between PHIC and selected hospitals based on case payment

11/15/2010

EU/EnRD/EFOS - Index Crop Insurance

Background Parametric Crop Insurance Feasibility Study in April 2010.

Findings

Two weather stations w/ 25 years time series rainfall data available in Tacloban (Leyte) and Maasin (Southern Leyte) Weather stations can accurately record rainfall w/in a 20 km radius Decision Area Based Yield Index Insurance (ARBY) using 15-25 years time series yield data on irrigated rice available in 7 national irrigation systems

Strong commitment to promote sustainable solutions 15.11.2010

Member Cooperatives

Key players with local networks

Guarantee outreach to individual

member borrowers Knowledge on local

demand Distribution of

benefits to member borrowers

One of the biggest development

partners in PH Guarantee for

Inclusive approach Needs and

feasibility assessment

Support and training how to pass

on benefits Insurance literacy

campaign for coop members

One of the world’s leading reinsurers

Guarantee for insurance expertise

and stability Needs and

feasibility assessment

Nat Cat data analysis Product

development Reinsurance

provider

Further Partner: DHI

Independent weather consultant

analysis of weather/ satellite data,

provision of monitoring platform

One of the biggest umbrella coops in

PH Guarantee for stable

local network & co-operative expertise Distribution and

marketing of product Support member

coops on how to handle the product

and pass on benefits to coop members

ce provider Insuran

Public Private Partnership

Provide access to low-income families and/or households information on MI services suitable to their needs and requirements

Provide access to (re)insurance firms and service providers information for product, and research and development

Organize events and market encounters

Provide MI related training and seminars

15.11.2010

“Distinctive Hub to deal with Microinsurance Concerns”

15.11.2010 Seite 13

MFI is an entry point for MI but

delinking insurance from credit is an

option that needs to be explored further

Inclusiveness and ‘out of the box’

thinking will most probably allow MI

to sell massive

MI receives a big push when

Regulators consider it as ‘business as

usual’

Lessons

Recommendations

Contribute to the implementation of Finlit roadmap. Develop modules and Finlit materials, capacity building of stakeholders

Strengthen the capacity of IC, including the enhancement of MIS, to meet increasing supervision needs and to ensure

consumer protection

Cooperate closely with members of insurance associations to develop Microinsurance innovative products and distribution

mechanisms

Create a meso-level platform that can provide sustainable services to MI providers and stakeholders

Recommendations + More demand, risk assessment and impact

evaluation studies of MI are needed

www. microinsurance.ph

MARAMING SALAMAT !! THANK YOU !!