TOPICS TO BE DISCUSSEDI.     Brief Description of CARD MBAII.    Contributions of CARD MBA to Microinsurance       Industr...
CARD MBA as Microinsurance Arm of CARD    Mutually Reinforcing Institutions              (CARD MRI)                       ...
CARD Mutually Reinforcing  Institutions“Mga Institusyonsa iisang Misyon” All rights reserved CARD MBA 2012
CARD Mutually Reinforcing Institutions (CARD MRI)                                               YEAR         NAME OF INSTI...
BOAT                                      BOATPARTNERS                                  PARTNERS   Automatic Membership   ...
Major contributions of CARD MBA to the Microinsurance Industry        in the Philippines                        All rights...
Functions of Microinsurance                       INCOME                        FROM                     MICROCREDIT      ...
Claims Settlement …                           1-3-5-day Target in Claim’s Settlement                                      ...
1-3-5 DAY TARGET PERFORMANCE                                                                 RECONSIDEPER TYPE OF BENEFIT ...
CARD MBA Product Development Model                                   Feedback                 Roll Out                    ...
Products Developed1. Life Insurance Program Accidental Death Total & Permanent Disability Motor Vehicular Accident Hosp...
Contributions to Number of Insured Filipinos  7.5 Million insured individual contributes 19% to total                     ...
CARD Mutual Benefit Association, Inc.                                                 Build Operate And Transfer Program  ...
Build Operate And Transfer Program         VALUE PROPOSITIONS of the BOAT PROGRAM1. MEMBERSHIP      The members of BOAT Pa...
The BOAT Framework                                                                 MOA SIGNING and                        ...
CARD MBA is the Microinsurance Model of 12 Partners of Rimansi                         All rights reserved CARD MBA 2012
•CARD MRI DISASTER RELIEF             ASSISTANCE PROGRAM Nonefinanci         •MASS WEDDING   alServices    •SCHOLARSHIP PR...
CARD MRI Disaster Relief Assistance Program     Without additional member’s contribution, relief goodsare given to all mem...
CDRAP for 2012 Types of Perils      No.          AmountThyphoon                43,302      11,766,365.07Flood             ...
CARD MBA’s STRENGHTS1. CARD MRI Networks   Assist in the collection of contribution    thru the weekly Center Meeting   ...
CURRENT CHALLENGES AND OPPORTUNITIES Strengthening staff capacity building  program to respond to expanding  membership....
Microinsurance; the current and challenges. a CARD MBA experience on its microinsurance program
Microinsurance; the current and challenges. a CARD MBA experience on its microinsurance program
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Microinsurance; the current and challenges. a CARD MBA experience on its microinsurance program

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Microinsurance; the current and challenges. a CARD MBA experience on its microinsurance program

  1. 1. TOPICS TO BE DISCUSSEDI. Brief Description of CARD MBAII. Contributions of CARD MBA to Microinsurance Industry in the Philippines Claims Settlement Model Product Development Model Contribution to Insured Filipinos BOAT Program Microinsurance Model Community Development Service thru CDRAPIII. Strengths of CARD MBA CARD MRI Networks MBA Coordinators General MembershipIV. Current Challenges All rights reserved CARD MBA 2012
  2. 2. CARD MBA as Microinsurance Arm of CARD Mutually Reinforcing Institutions (CARD MRI) All rights reserved CARD MBA 2012
  3. 3. CARD Mutually Reinforcing Institutions“Mga Institusyonsa iisang Misyon” All rights reserved CARD MBA 2012
  4. 4. CARD Mutually Reinforcing Institutions (CARD MRI) YEAR NAME OF INSTITUTION NATURE OF BUSINESS ESTABLISHED CARD, Inc. or CARD NGO 1986 Microfinance Microfinance- oriented rural CARD Rural Bank 1997 bankCARD Mutual Benefit Ass’n Inc. (CARD MBA) 1999 Microinsurance Training Institute for staff, CARD-MRI Dev’t Institute, Inc. (CMDI) 2005 members & public CARD Business Dev’t Service Fdn. (BDSF) 2006 Business development CARD MRI Insurance Agency (CaMIA) 2007 Insurance Agency CARD MRI Information Technology 2010 Information Technology (CMIT) Microfinance-oriented thrift CARD SME Bank 2010 bank BotiCARD 2011 Pharmacy All rights reserved CARD MBA 2012
  5. 5. BOAT BOATPARTNERS PARTNERS Automatic Membership to CARD MBA All rights reserved CARD MBA 2012
  6. 6. Major contributions of CARD MBA to the Microinsurance Industry in the Philippines All rights reserved CARD MBA 2012
  7. 7. Functions of Microinsurance INCOME FROM MICROCREDIT MICROINSURANCE CAN BREAK THE CYCLE OF POVERTY FUNERAL HOSPITAL DEATH MEDICAL SICKNESS EXPENSES DISABILITY CYCLE OF POVERTY CAUSED BY MISFORTUNEINCOME FROM MICROCREDIT REMAINS !!! All rights reserved CARD MBA 2012
  8. 8. Claims Settlement … 1-3-5-day Target in Claim’s Settlement 1 If the dead body is not yet buried at the time of validation, the claim must be settled within 24 5 3 hours upon notification. [ On the 5th day upon notification, all claims must If the dead body is be given action with finality. already buried at the time Claims with incomplete of validation and with documents will be given complete documents, the denial letter but still can be claim must be settled settled upon completion of within three days upon required documents thru notification. the letter of reconsideration.This Claim Settlement Model is replicated by at least ten (10) organized groups providing formal or informal microinsurance program to their member-clients All rights reserved CARD MBA 2012
  9. 9. 1-3-5 DAY TARGET PERFORMANCE RECONSIDEPER TYPE OF BENEFIT 1 DAY 2 DAYS 3 DAYS 4 DAYS 5 DAYS RED TOTAL CLAIMS MEMBER 3,912 36 24 13 23 17 4,025 % 97.2% 0.9% 0.6% 0.3% 0.6% 0.4% 100.0%DEATH LEGAL DEPENDENT 7,608 1282 980 Legal 602 754 831 12,057 Members % 63.1% 10.6% 8.1% 5.0% Dependents 6.3% 6.9% 100.0% 97% Paid within MEMBER 1,543 181 93% Paid within 101 40 104 158 2,127MVAH 1-3-5-day % SPOUSE 72.5% 1,653 8.5% 165 4.7% 117 1.9% 1-3-5-day 64 4.9% 130 7.4% 183 100.0% 2,312 Target % 71.5% 7.1% 5.1% Target 2.8% 5.6% 7.9% 100.0% 14,716 1,664 1,222 719 1,011 1189 20,521 64.5% 10.1% 7.6% 4.6% 6.2% 7.1% 100% OVERALL RATING 92.9% All rights reserved CARD MBA 2012
  10. 10. CARD MBA Product Development Model Feedback Roll Out Proto- typing EVALUATION Risk Monitoring Profiling Adjustment (if any)Adjustment (if any) Engagement Pilot Test of Stakeholders Adjustment (if any) All rights reserved CARD MBA 2012
  11. 11. Products Developed1. Life Insurance Program Accidental Death Total & Permanent Disability Motor Vehicular Accident Hospitalization Benefit Refund of Contributions 2. Retirement Savings Fund Mandatory Exit Age at 70 Optional Retirement at ages 65, 66, 67, 68 & 69 3. Loan Redemption Fund Amount of benefit = Principal amount of loan Automatic Loan Offsetting upon Total & Permanent Disability4. Package Assistance in Case of Disaster (PAID) Plan Personal Accident Funeral Benefit Re-house (Residential Insurance) All rights reserved CARD MBA 2012
  12. 12. Contributions to Number of Insured Filipinos 7.5 Million insured individual contributes 19% to total insured Filipinos All rights reserved CARD MBA 2012
  13. 13. CARD Mutual Benefit Association, Inc. Build Operate And Transfer Program 1. Are you willing to provide microinsurance products to your members ? YES 2. Do you have Php 5 million for guarantee fund? NONE 3. Do you have the capacity to run your own micro- insurance program? NONE Get into the BOAT of CARD MBA… All rights reserved CARD MBA 2012
  14. 14. Build Operate And Transfer Program VALUE PROPOSITIONS of the BOAT PROGRAM1. MEMBERSHIP The members of BOAT Partner will be members of CARD MBA enjoying the same benefits as CARD members.2. PERIOD OF ENGAGEMENT: THREE YEARS During the 3-year period, there will be technical assistance and transfer of technology in the management of a mutual benefit association.3. DISENGAGEMENT After three (3) years, all those entitled for the refund of contribution will be turned over to the BOAT partner’s own MBA together with their refund of contribution to become their seed capital. All rights reserved CARD MBA 2012
  15. 15. The BOAT Framework MOA SIGNING and TRAINING of the ASSESSMENT & MANAGEMENT TEAM of MONITORING PARTNERSHIP BOAT PROGRAM ASSESSMENT OF FINALIZATION of CARD MBA BRANCH & CENTER IMPLEMENTING PRESENTATION ACTIVITIES RULES DEVELOPMENT of WORK PLAN and IMPLEMENTING RULES PRO-FORMA MOA and FINALIZATION REVIEW of MOA All rights reserved CARD MBA 2012“Get into the BOAT of CARD MBA” “Get into the BOAT of CARD MBA”
  16. 16. CARD MBA is the Microinsurance Model of 12 Partners of Rimansi All rights reserved CARD MBA 2012
  17. 17. •CARD MRI DISASTER RELIEF ASSISTANCE PROGRAM Nonefinanci •MASS WEDDING alServices •SCHOLARSHIP PROGRAM All rights reserved CARD MBA 2012
  18. 18. CARD MRI Disaster Relief Assistance Program Without additional member’s contribution, relief goodsare given to all member-victims of natural disasters like: a. Earthquakes; b. Floods; c. Landslide; d. Volcanic eruption; e. Fire f. Typhoon All rights reserved CARD MBA 2012
  19. 19. CDRAP for 2012 Types of Perils No. AmountThyphoon 43,302 11,766,365.07Flood 120,123 38,985,762.95Fire and Lightning 755 465,460.47Tidal Wave 3 1,275.65Twister 8 1,819.60Earthquake 1,103 299,599.50Landslide 1 300.00Total 165,295 51,520,583.24
  20. 20. CARD MBA’s STRENGHTS1. CARD MRI Networks Assist in the collection of contribution thru the weekly Center Meeting Assist in the Information Education Campaign2. MBA Coordinators Assist in the claims settlement3. General Membership CARD MBA is 100% owned by the Members All rights reserved CARD MBA 2012
  21. 21. CURRENT CHALLENGES AND OPPORTUNITIES Strengthening staff capacity building program to respond to expanding membership. To develop Crop Insurance products for the members. All rights reserved CARD MBA 2012
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