Eva Garnace Borja e-Forum on Credit and financial Services, Banking and Insurance July 8, 2020

2. ISSUES AND CONCERN
1. Insurance is not an option
 Financial Education
 Protection
Financial Education is much needed for us and for our
cooperative members. One of which is to let them
know that insurance is a protection in case of
emergency like death or sickness. The financial
burden is lesser.

3. 2. Promotion Strategy
No face-to-face
Remote marketing and
selling

4. 3.Collection and Remittance
Prefer to pay through doorstep
collection
Remittance through banks and
other platforms

5. 4. Insurability of Senior Citizens
 cut-off age of 65 years old
Who will take care of life and health
protection of old age coop members

6. 5. Compliance and regulatory
requirements
The Insurance Commission is very
strict in compliance with regard
to operations and fund
requirements such as guaranty
fund.
Certificate of Tax Exemption
(CTE)

7. 6. Dealing with an On-Demand
Economy
During this pandemic, one of the
adaptations that must occur to
continue growing within the insurance
industry is having an understanding in
an on-demand economy. On demand
technology impacts more than just
the video service you stream at home.
(industry challenges and
opportunities.linchpinseo.com)
 NSCC MBAI APPS

8. 7. More catastrophic events
Business Continuity Program =
how resilient our cooperatives
and our members
Resilient Cooperative when our
members are financially literate
Life and health insurance
I

9. 8. Staying ahead of Challenges
Understanding the challenges
ahead
Prepare for any
circumstance and work out
viable solution to overcome
any obstacle that comes on
the industry