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Venture Capital Leaders Among Keynote Speakers at first Bitcoin Island Retreat in Boracay

The famous white beach of Boracay is set to play host to bitcoin and venture capital leaders from around the world, as the first-ever Bitcoi...

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CDA grants special type of cooperative license to DigiCOOP

CDA grants special type of cooperative license to DigiCOOP

Manila , Philippines , The-philippines , Anton-pascual , Roys-miclat , Ann-cuisia , Isagani-daba , Gilbert-llanto , Financial-services , Digicoop-technology-service-cooperative , Traxion-technology-services-cooperative-ann-cuisia , Insurance-system-of-the-philippines

CDA grants license to DTSC as 1st tech platform provider for co-ops

DAVAO CITY—The Cooperative Development Authority (CDA) has granted a special license to DigiCoop Technology Service Cooperative (DTSC), to provide technology platform for online transactions. The CDA license issued to DTSC allows it to transform the country’s cooperatives from their traditional paper works and face-to-face transaction into the competitive world of…

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CDA Grants Special Type Of Cooperative License To DigiCOOP, The First Technology Service Cooperative In The Philippines

Philippines – Aiming to accelerate tech transformation and provide web and mobile banking capability to its members, DigiCOOP Technology Service Cooperative

Manila , Philippines , The-philippines , Anton-pascual , Roys-miclat , Ann-cuisia , Isagani-daba , Financial-services , Digicoop-technology-service-cooperative , Traxion-technology-services-cooperative-ann-cuisia , Insurance-system-of-the-philippines , Development-authority

TransUnion partners with coops to boost lending confidence in PH – Manila Bulletin

Published July 22, 2021, 8:00 AM
Information and insights company TransUnion has teamed up with Philippine cooperatives to boost lending confidence and boost financial inclusion in the country.
In a statement, TransUnion said it has reached an agreement with 1 Cooperative Insurance System of the Philippines (1CISP) and its partner TraXion Tech Inc. to extend its solutions to cooperatives in underserved and underbanked areas in the country.
Cooperative members of 1CISP will have access to richer data solutions, which will enable them to better service their community and prospective members and drive greater financial inclusion.
1CISP offers support to mostly underprivileged communities by providing their cooperatives with life and non-life insurance products and wider financial services. Its tech partner—TraXion Tech—is a systems integration company that specializes in transaction management systems.

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Microinsurance premium production down in 2020

BusinessWorld
May 6, 2021 | 12:05 am
BW FILE PHOTO
THE MICROINSURANCE industry’s total premium production dropped by 14.5% last year, but the number of persons covered by these products increased at the height of the coronavirus pandemic, the Insurance Commission (IC) reported on Wednesday.
The IC said in a statement that the total premiums produced by microinsurance companies in the country went down to P7.8 billion in 2020 from P9.12 billion in 2019, citing unaudited financial reports.
The regulator attributed the decline to the strict quarantine measures imposed by the government last year at the height of the coronavirus pandemic.
The nonlife insurance sector posted the largest drop in premiums at P913.51 million, down by 25.46% year on year. This was followed by the mutual benefit association (MBA) sector, which produced P4.46 million in premiums last year, or 15.13% lower from the 2019 level.

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