Paramount Life and General Insurance Corporation

Paramount Life and General Insurance Corporation

Final report No. 1

April 13, 2015 – May 7, 2015

One Hundred Fifty hours

TABLEOF CONTENTS

About the Paramount Life and General Insurance Corporation

I.        Mission, vision goals, and the business itself ……..........................1-3

II.        Functions of Accounting and

 Credit and Collection Department …………………………………. 3-4

III.        Functions of the job given to the department …………………......  4-6

Analysis of any relevant situation that occurs in the organization

IV.        Good points regarding the service rendered to clients and the areas that need improvement in the facility …………………………………..........    6-7

V.        Incidents that have occurred while on duty and the analysis………………………………………………………………    7-8

The Trainee

VI.        About the on-the-job trainee……………………………………….   8-11

VII.        Suggestions and Recommendations…………………………….. 11-13

VIII.        Documentation …………………………………………………….. 14-15

ABOUT THE PARAMOUNT LIFE AND GENERAL INSURANCE CORPORATION

1. Mission

        To be the best managed insurance company in the Philippines. Our actions shall be consistent with our company vision and core values of Loyalty, Integrity, Flexibility and Excellence (LIFE).

Vision

To provide positive lasting experience to our customers, in order to be the top-of-mind insurance provider for Filipino households.

The Company

Paramount Life and General Insurance Corporation (PLGIC) is located at 15th floor, 110 V.A. Rufino St. Legaspi Village Makati City. PLGIC traces its roots back to May 1950 when it formally started non-life insurance business as the Paramount Insurance and Surety Corporation. Due to its business practice of quick claims settlement, Paramount became quickly known as Bayad Aga dcompany. Paramount has its Madaling kausap campaign which became a medium for it to establish its presence in the industry. Though this, PLGIC live live their vision of being a Madaling Kausap company. With that, it establishes PLGIC as an insurance corporation with continued commitment to service its growing number of policyholders nationwide and even worldwide.  With over 25 non-life and 60 life branches nationwide, Paramount considered as one of the insurance company who has wide-ranging sales and marketing networks in the industry. In fact, PLGIC is one of the leading insurance provider for Overseas Filipino Workers (OFWs). Also, PLGIC is the first insurance company accredited by the Insurance Commission to provide this OFW insurance.