Successful Partnerships in Microinsurance

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Post on 28-Nov-2014




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Bangko Kabayan President Francis Ganzon shares how to successfully choose a microinsurance provider during the 2012 RBAP-MABS National Roundtable Conference on June 8.


<ul><li> 1. Session 7: Transforming MI from Service to Business The Bangko Kabayan Experience Atty. Francis Ganzon President 2012 RBAP-MABS National Roundtable Conference June 7-8, 2012 Hyatt Hotel &amp; Manila </li> <li> 2. Successful Partnershipsin Microinsurance </li> <li> 3. Key decision points in choosing partner-insurer benets are tailor-t according to claims paid withinclients needs 5 days or less upon submission of features (such as requirementsinclusion of family Product- Quality Delivery members) are instant abuloy iscomparable to what Market given within 24 hours upon Fitthe competitionoffers notication of death minimal Pricerequirements very affordable for clients exible pricing (per unit) </li> <li> 4. Key decision points in choosing partner-insurer Appropriate Organizational Aligned Vision - Mission Structure providing products and services for dedicated unit for microinsuranceindividuals and families in the countryside </li> <li> 5. SufcientClose coordination knowledge of the Mutual trustbetween bank and market being between two parties partner-insurer served What makes the successful? </li> <li> 6. Benets for banks offering microinsurance Competitive advantage Client retention Commission income </li> <li> 7. Microinsurance for Bangko Kabayan ClientsNumber of insured micronance clients! 2009 5500 2010 5600 2011 6783 1000 2000 3000 4000 5000 6000 7000 8000 128 medical reimbursements 96 death claims Php 189,518.11 total amount claimed Php 4.08 M total amount claimed </li> <li> 8. Thank you. </li> </ul>


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