Session 7:   Transforming MI from Service to Business                    An Introduction                             Ferdi...
Microinsurance:Guarding the poor from falling                                 2
Ermie peddles banana-que and bicho bicho      to raise her two small children                                           3
Life was better when her husband was helping the family                                                          4
But the unexpected happened…                               5
Without Microinsurance, Ermie would incur unmanageable     debt to pay for funeral and other emergency expenses      P20,0...
With Microinsurance, Ermie did not incur unmanageable     debt and continued to raise children without disruption      P20...
The RBAP-MABS Microinsurance Initiative      Guarding the poor from falling                                          8
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Microinsurance: Guarding the poor from falling

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Mr. Ferdinand Sia illustrates the impact of microinsurance to a rural bank client during the 2012 RBAP-MABS National Roundtable Conference on June 8.

Published in: Economy & Finance, Business
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Microinsurance: Guarding the poor from falling

  1. 1. Session 7: Transforming MI from Service to Business An Introduction Ferdinand Sia Chemonics International 2012 RBAP-MABS National Roundtable Conference June 7-8, 2012 Hyatt Hotel & Manila
  2. 2. Microinsurance:Guarding the poor from falling 2
  3. 3. Ermie peddles banana-que and bicho bicho to raise her two small children 3
  4. 4. Life was better when her husband was helping the family 4
  5. 5. But the unexpected happened… 5
  6. 6. Without Microinsurance, Ermie would incur unmanageable debt to pay for funeral and other emergency expenses P20,000 P10,000 Death of Spouse P0 Childbirth Treatment of -P10,000 pneumonia -P20,000 In debt for 3 yearsDebt -P30,000 Risks of unmanageable debt: 1. Critical illness left untreated 2. Children’s schooling disrupted Poverty cycle would likely continue 6
  7. 7. With Microinsurance, Ermie did not incur unmanageable debt and continued to raise children without disruption P20,000 P10,000 Death of Spouse P0 MICROINSURANCE Childbirth Treatment of -P10,000 pneumonia -P20,000 In debt for 3 yearsDebt -P30,000 Freedom from unmanageable debt: 1. Illnesses treated properly 2. Children continue schooling Higher chance of escaping poverty 7
  8. 8. The RBAP-MABS Microinsurance Initiative Guarding the poor from falling 8

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