Press Release
Sun.Star Motoring
October 28, 2011

CITY OF SAN FERNANDO -- Corporate Guarantee and Insurance Company (CGIC) was awarded Best in Corporate Social Responsibility (CSR) during the 1st Philippine Insurers and Reinsurers Association (PIRA) Awards Night held at The Peninsula Manila last October 21.

CGIC, an affiliate of the Laus Group of Companies – the leading automotive dealership network in the country -- earned the plum through its various CSR programs and activities that include seminars on safety driving, auto-preventive maintenance and trouble shooting, safety driving tips and proper vehicle maintenance via tri-media and the website.

The award is another feather in the cap of CGIC and considered as a milestone achievement since CGIC competed against other top finalists such as: ACE Insurance Company of North America, BPI/MS Insurance Corporation, Fortune General Insurance Corporation, MAA General Assurance Philippines, Malayan Insurance Company, MAPFRE Insular Insurance Corporation, Perla Compania de Seguros, Philippine Charter Insurance Corporation, Pioneer Insurance & Surety Corporation, QBE Insurance (Philippines), Reliance Surety & Insurance Company, Seaboard-Eastern Insurance Company, Utility Assurance Corporation and Visayan Surety & Insurance Corporation.

All the finalists belong to the industry’s top performing non-life insurance companies.

The award is the industry’s way of honoring its best members, particularly in the fields of “Corporate Governance and Corporate Social Responsibility”. All 87 member companies are candidates for the said awards. CGIC was among the 15 finalists chosen under the Corporate Social Responsibility category after the initial screening process was made based on the questionnaires submitted by each PIRA member.

Four other non-life insurance firms were also given the same award, namely: Malayan Insurance Company, MAPFRE Insular Insurance Corporation, BPI/MS Insurance Corporation, and Pioneer Insurance and Surety Corporation.

The theme for the 1st PIRA Awards is “MALASAKIT”, which mean in simple translation as “genuine concern”. It embodies everything that the non-life insurance industry wants to show to its customers, the Filipino society and to the entire country. In line with this theme, the CSR programs of the finalists should meet the required criteria for impact, uniqueness and sustainability to be considered as winners.

Established in 1997, CGIC has been among the top performing non-life insurance firms and only one of seven in the industry with ISO-9001:2008 Certification CGIC is also the first such firm to establish its headquarters outside Metro Manila.

For more information, call +63 45 961 2222 or visit CGIC Headoffice along Jose Abad Santos Avenue, City of San Fernando, Pampanga. Log on to www.cgic.com.ph now.