Tune in to WOL 1450 AM, 95.9 FM, or WOL Livestream on August 29, 2024, 10:30 am – 11:30 am, Eastern Time, for Everything Co-op, hosted by Vernon Oakes. This episode features Vernon interviewing a Philippine delegation from CLIMBS Life and General Insurance Cooperative (CLIMBS), led by its President and CEO Noel Raboy. They will explore CLIMBS’ pioneering role as the first and only insurer to offer a working parametric and partnership model in the Philippines’ insurance industry, which addresses climate risks and impacts in developing nations. The TEAM members will also talk about their initiatives in the US and the Philippines under the Cooperative Resilience Mechanism programs and activities.
CLIMBS Life and General Insurance Cooperative (CLIMBS) 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 insurance products and other financial services. With innovation, it is the first and the only provider of 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, strengthening the movement, and promoting cooperative education locally and globally. It emphasizes cooperative values and social responsibility, aiming to contribute to its members’ economic and social development and the communities they serve.
