CGIC: KEEPING UP WITH GLOBAL STANDARD, SUSTAINING GROWTH
Corporate Guarantee and Insurance Company, Inc. (CGIC) has just passed the recent surveillance audit on its ISO 9001:2008 Quality Management System (QMS) certification in flying colors.
After the audit conducted by SGS Philippines, Inc. last March 31, 2014, CGIC has been found, among others, to have conformed with the requirements of the audit standard and provided sufficient structure to support implementation and maintenance of the Quality Management System (QMS).
Based on the audit results, CGIC’s QMS has demonstrated a state of development and maturity, which meant that the Quality Management System certification continues.
CGIC is one of only 6 non-life insurance firms in the country which are ISO-certified, an iconic reputation in modern-day business, especially in a business as tightly regulated by government and as highly competitive as the insurance industry. (Note: There are now 69 players in the country â€“– down from more than 100).
CGIC got its ISO certification in 2000 and was recertified for another three years last year. The audit last March 31 is one of such annual surveillance tests required prior to another certification in 2016.
The ISO standard has bolstered CGIC’s stature and success in the field.
CGIC is now among the top non-life insurance outfits in the Philippines with a total networth of P500 million. It ranks 22nd in total net premiums, 23rd in premiums earned and 27th in paid-up capital.
As it looks forward to another re-certification in 2016, CGIC is optimistic about its future.
“By 2016, our projection is that CGIC will have increased its network several notches higher as we anticipate sustained growth and profitability through our growing customers and expansion,” Gilbert M. Fernandez, President and COO, said.
CGIC has several branches in Metro Manila, Central and North Luzon, its headquarters is in the City of San Fernando, Pampanga — the first non-life outfit in Luzon to base its main office outside the big metropolis.
“Countryside growth and development has been at the heart of CGIC’s business philosophy because it is part of the Laus Group of Companies whose long-standing advocacy is along that line,” Fernandez said.
The Laus Group is the largest dealership network in the Philippines today.
CGIC has played an important role in helping clients cope with the series of natural calamities that had devastated Metro Manila and Central Luzon in the past and just recently, notably the victims of typhoons “Ondoy”, Habagat and Odette.
In the wake of “Habagat” year , CGIC serviced around 250 vehicles from Subic and Olongapo which were hardest-hit by widespread flashfloods.
“It wasn’t just about our business commitment but our corporate responsibility to our customers and their communities that need our help in times of distress and calamity,” he said. “That is wholly consistent with our corporate slogan” We Value Our Commitment”.
CGIC, in fact, is a recipient of an award from the Philippine Insurers and Reinsurers Association as an outstanding non-life insurance company with corporate social responsibility with its defensive driving seminar conducted regularly for free to its customers and the general public.