The transformative power of microinsurance is central About Nanay: The Philippine Microinsurance Journeya groundbreaking book written by Dr. Aristotle Alip, Lorenzo Chan and Pia Benitez Yupangco.
Launching in April 2024, this compelling story explores the groundbreaking partnership between CARD and Pioneer that reshaped the microinsurance landscape in the Philippines.
Covering Nanay has captured reader interest, remaining on the Top 10 Best Sellers list for months and spawning a second reprint in December.
Its success underlines the book’s resonance with local and global microfinance and microinsurance communities, and highlights CPMI’s (CARD Pioneer Microinsurance, Inc.) innovative approach to financial inclusion.
Travel on global platforms
The authors have taken their story to some of the most prestigious microfinance and insurance events in the world, providing insights and inspiration to a diverse audience.
Following the initial launch of the book, Messrs. Alip and Chan shared the book’s insights at the Microfinance CPhilippine Government Annual Conference (MCPI).
Their session led to lively discussions about CPMI’s transformative practices and their potential replication in other markets.
Covering Nanay was unveiled worldwide on the 20the edition of the International Conference on Inclusive Insurance (ICII) held in Nepal, where the authors participated in a 90-minute session moderated by Antonique Koning from the World Bank’s CGAP.
Their engaging discussion on CPMI’s grassroots approach, rapid claims handling and technology-driven solutions ended with a standing ovation from theHe global microinsurance community from more than 50 countries.
The authors were also interviewed in Buenos Aires by ICMIF CEO Shaun Tarbuck during a session on partnerships that promote resilience in business.
They highlighted CPMI’s unique partnership model, which combines grassroots engagement with technology, creating scalable and sustainable impact.
The session ended with enthusiastic applause and a signing session.
Secrets behind CPMI’s success
Covering Nanay highlights the key elements that set CPMI apart. First, rapid claims handling ensures fast and efficient settlement, allowing policyholders to recover quickly from unexpected events.
Secondly, CPMI’s cost-efficiency, powered by innovative operating models, enables the company to offer affordable and accessible coverage through its extensive network of nanays.
Finally, there is the integration of advanced technology with a robust network of Nana extend the reach and increase the impact.
These pillars, combined with a partnership-based approach and shared values, have made CPMI a global leader in financial inclusion and social transformation.
A call to action
Covering Nanay provides invaluable lessons and insights for microfinance professionals, policymakers, and anyone inspired by stories of resilience and innovation.
It’s still available at selected fully booked branches or online via Amazon.
The book tells the story of how shared vision and innovation have impacted lives no at the same time.
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