News - The Philippines: Munich Re establishes co-operative reinsurance plan

Source: Asia Insurance Review | Nov 2010

Philippine cooperative insurance company Coop Life Insurance & Mutual Benefit Services (CLIMBS), together with Munich Re and the Deutsche Gesellschaft für Technische Zusammenarbeit GmbH (GTZ) on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ), are launching a microinsurance product to protect the loan portfolio of cooperatives against losses from extreme weather events in the Philippines. A core concern is to pass on the benefits to end customers in low-income households.

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News - The Philippines: Munich Re establishes co-operative reinsurance plan

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