Active projects: The Philippines

What is the landscape for mutual microinsurance in the Philippines?

The Philippines is one of the most disaster-prone countries in the world, it is vulnerable to earthquakes and volcanic eruptions, but particularly to tropical storms. Microinsurance which provides cover against extreme disasters can play an important role. The Philippine microinsurance sector has grown rapidly since the Insurance Commission there issued circulars introducing a new tier for microinsurance Mutual Benefit Associations (Mi-MBAs) in 2006, and at present there are around 20 Mi-MBAs. Mutual organisations dominate the microinsurance sector, contributing 77% to the total microinsurance coverage in the Philippines (ICMIF country diagnostic report for the Philippines).

Where are we now?

The country diagnostic study is publically available, this study examines the mutual microinsurance situation in the Philippines.

The country intervention programme began in June 2016 with project partner RIMANSI, an association of 17 Mi-MBAs and a microinsurance technical resource centre. As of December 2022, RIMANSI has supported its network of Mi-MBAs to extend the provision of life insurance products to 2.1 million low-income Filipinos.

Project partner: RIMANSI (the Philippines)

Photo shows: Jun Jay Perez, RIMANSI, visiting microinsurance policyholders with CARE MBA in Quezon, the Philippines

Find out more about the Philippines programme
and how to get involved

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