Noel Raboy and Donna Dizon, discuss the Framework and Benefits of Cooperative Insurance

Everything Co-op with Vernon Oakes

August 29, 2024 Noel Raboy, the President and CEO, along with Donna Dizon, the VP for Administration & Corporate Planning at CLIMBS Life and General Insurance Cooperative, explore the structure and benefits of Cooperative Insurance. CLIMBS Life and General Insurance Cooperative is a leading cooperative insurance organization based in the Philippines. Established in 1971, it provides life and non-life insurance products and services tailored primarily to cooperatives, cooperative members, and their families. Owned by almost 5,000 cooperatives nationwide, its mission is to provide affordable and accessible insurance coverage to its members, particularly focusing on the needs of the grassroots community. Over the years, CLIMBS has expanded its services to include a range of insurance products and other financial services. With innovation, it is the first and the only provider of a parametric insurance in the Philippines that covers cooperatives, benefiting over 100,000 households of farmer-members since its flagship offering in 2021. CLIMBS is also at the forefront of advocacy work especially on Climate Action and strengthening of the movement and promoting cooperative education locally and globally. It emphasizes cooperative values and social responsibility, aiming to contribute to the economic and social development of its members and the communities they serve.