GSIS partners with JICA for technical cooperation project
May 24, 2024
4:11PM PHT
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The Government Service Insurance System (GSIS) is teaming up with the Japan International Cooperation Agency (JICA) in a new technical agreement with the Japanese government through the newly launched Technical Cooperation Project (TCP).
The TCP is designed to enhance GSIS' underwriting capabilities, improve the capacity of its Insurance Group to calculate replacement costs, and establish accurate insurance premium rates.
“This joint effort is not just about protecting the future of government assets. With a robust insurance framework, this collaborative mission is a pro-active approach in demonstrating the GSIS commitment to building a stronger and safer nation through sustainable infrastructure practices,” said GSIS president and general manager Jose Arnulfo “Wick” Veloso.
JICA is an implementing agency of Japanese official development aidfor the purpose of supporting the socio-economic development, recovery, or economic stability of developing regions.
The GSIS-JICA TCP kick-off meeting. In the photo are Amor Rollyn Dais, Asset Registry Division, Bureau of the Treasury (BTR); Shannen Chua, BTR; Vice President Rosanna “Bo” Sanchez, Insurance Group, GSIS; OIC Dir John Adrian Narag, International Finance Policy Office, BTR; SVP Valerie Marquez, Insurance Group, GSIS; AEVP Jason Teng, Core Business Sector, GSIS; Dir Takehiro Kido, JICA; Senior Rep Masanari Yanagiuchi, JICA Phil Ofc.; 2nd Secretary Kensuke SUGIMOTO, Japanese Embassy; and Takeshi Kuwabara, JICA Expert team.
