Regulatory Framework for Microinsurance in the Philippines
This framework outlines the government’s policy thrusts and direction for the establishment of a policy and regulatory environment that will encourage, enhance and facilitate the safe and sound provision of microinsurance products and services by the private sector. It will also identify and promote a system that will protect the rights and privileges of those who are insured. Ultimately, trust and confidence on the insurance industry and other providers of insurance‐like and other similar products as a whole will be enhanced.
The Microinsurance Regulatory Framework is a joint effort of the members of the Technical Working Group organized by the Department of Finance and supported by the Asian Development Bank ‐ Japan Fund for Poverty Reduction (ADB‐JFPR).