The Philippine Crop Insurance Corporation (PCIC) sealed an agreement with the Rural Bankers Association of the Philippines (RBAP) to offer agricultural insurance products and services that are responsive to the needs of the farmers, fisherfolk and other agricultural stakeholders.

The memorandum of understanding, which was signed by RBAP President Ian Eric S. Pama and PCIC President Jovy C. Bernabe, is in support of the Department of Agriculture’s Food Staples Sufficiency Program which aims to uplift the lives of the small farmers and fisherfolk, and help accelerate the development of rural economy.

Under the agreement, RBAP committed to establish a tie-up with the PCIC to promote its agricultural insurance products and services and facilitate cooperation and coordination between RBAP member-banks and PCIC Regional Offices for the benefit of RBAP member-banks’ farmer-clients.

PCIC committed to provide training and education to personnel of RBAP member-banks who opt to become insurance underwriters of PCIC and provide agricultural insurance products and services responsive to the needs of the RBAP member-banks and farmers and fisherfolk clients.

DA Secretary Proceso J. Alcala witnesses the signing of memorandum of understanding between PCIC and RBAP. In the picture: seated are (from left to right) RBAP Exec. Dir. Vicente R. Mendoza, PCIC President Atty. Jovy C. Bernabe, DA Sec. Alcala, RBAP President Ian Eric S. Pama, and DA Usec. Bernadette Romulo-Puyat; standing are (from left to right) PCIC Acting SVP Norman R. Cajucom, Dir. Dioscoro A. Granada, Dir. David M. Villanueva, Dir. Fidel L. Cu, Dir. Nestor S. Custodio, DA Usec. Emerson U. Palad, and PCIC Corporate Secretary Atty. Roland A. Tulay.