5 tips from the 'godfather' of microinsurance

By Bill Hinchberger 28 August 2015

A woman counts Philippine peso bills. Inexpensive and dependable insurance is crucial to help strengthen climate and disaster resilience of poor communities. Photo by: FEDRA Studio / CC BY-SA

Thinking about starting your own microinsurance institution? Aris Alip has a few tips.

Alip is the managing director and founder of the Center for Agriculture and Rural Development Mutual Benefit Association. CARD MBA is part of a 14-company social business conglomerate — the CARD Mutually Reinforcing Institutions — that got its start as a microfinancing operation in the 1980s and now boasts 11 million members, mostly poor women.

The microinsurance operation was launched a decade later and Alip is — quite literally — considered the godfather of microinsurance in the Philippines. To make sure the intended beneficiaries will receive their due, CARD MBA has gotten into the marriage business.

Undocumented common law marriages are the norm in the rural outback, but without marriage and birth certificates, spouses and children would be hard-pressed to make insurance claims.

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About the author

Bill hinchberger
Bill Hinchberger@hinchberger

Bill Hinchberger is Devex's Paris correspondent. In his spare time, he's a freelance writer, communications consultant and educator. A native of California, he lived in Latin America for over two decades, reporting for media such as The Financial Times and Business Week. He also served as president of the São Paulo Foreign Press Club and founded the online travel guide BrazilMax.com. Assignments have taken him to over 30 countries, from Cuba to Egypt, India, Kenya, Turkey, and beyond.

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