OFWs to Insurance Commission: Reveal accreditation process, background check of accredited providers

Global alliance of overseas Filipino workers (OFWs) Migrante International today called on the Insurance Commission to make transparent the selection process it underwent to accredit three big insurance providers in the new mandatory insurance coverage being imposed in Republic Act 10022 or the amended Migrant’s Act.

In the Implementing Rules and Regulations of RA 10022, the Insurance Commission was tasked to screen and select which insurance companies to accredit as private partners for the implementation of the new policy.

The following are the accredited insurance providers by the Insurance Commission to date:

  1. Paramount Life and General Insurance Corporation
  2. Philippine Charter Insurance Corporation
  3. United Coconut Planter’s Life Assurance Corporation

“Something smells fishy in this new imposition. First, the IRR for the particular provision was delayed. Next thing we know, the POEA has released a memorandum ordering its implementation and there are three (3) insurance providers accredited with not a single information to the public on how they were screened and processed,” said Garry Martinez, Migrante International chairperson.

Martinez said that they demand a full and transparent report from the Insurance Commission on:

–          The complete accreditation process and requirements by which the Insurance Commission based their accreditation;

–          The complete background and track record of the insurance companies; and,

–          For the Insurance Commission’s assurance that there is no conflict of interest or any connection of the owners and/or any personnel, individual and/or affiliate of the companies to any government official or entity

Martinez made this inquiry following information their group received that one of the firms involved in the illegal recruitment of 137 bus drivers in Dubai entered into a partnership with another insurance firm to be able to qualify as provider for the new mandatory insurance policy.

He added that another accredited insurance company, Philippine Charter Insurance Corporation, has former Labor Secretary Atty. Bienvenido Laguesma as its chairman of board of directors. Laguesma is also the founder and senior partner of Laguesma Magsalin Consulta & Gastardo Law Offices that currently represents the management of Philippine Airlines (PAL) in its ongoing labor dispute. He is being accused of conflict of interest and abuse of authority as former Labor Department head following the DOLE’s latest decision upholding PAL’s retrenchment and outsourcing of its workers and employees.

Ang kinakatakot namin, itong bagong policy na ito ay hindi lang ginagawang gatasan ang mga OFW kundi source pa ng corruption. Kailangan patunayan ng gobyerno na hindi ito payback sa mga kumpanyang nagpondo sa kani-kanilang mga kampanya noong nakaraang eleksyon,” he said.

Martinez reiterated their group’s opposition and demand to scrap the mandatory insurance coverage. ###