I.

Table of Contents

Title Page………………………………………………………………………………
I. Table of Contents……………………………………………………………………
II. Brief History/Background of the Company/Company Profile …………………….
III. Summary of the OJT Experience …………………………………………………
IV. Assessment of the OJT/Practicum Program………………………………………
A. New knowledge, attitudes, and skills acquired……………………………………
B. Theories actually seen in practice …………………………………………………
C. Feedback that can be given to the company or institution …………………………
D. Benefits gained …………………………………………………………………….
E. Problems encountered………………………………………………………………
V. Appendices………………………………………………………………………….
A. Company brochure and/or pamphlet………………………………………………..
B. Copy of the Endorsement Letter……………………………………………………
C. Copy of the Training Plan…………………………………………………………..
D. Copy of the signed Waiver Form…………………………………………………...
E. Daily Time Record………………………………………………………………….
F. Quarterly Performance Appraisal Forms……………………………………………
G. Certificate of Completion…………………………………………………………...
II. Brief History/Background of the Company/Company Profile

Commonwealth Insurance Company (CIC) was established in 1935 by Don Andres Soriano, who
also founded San Miguel Brewery. CIC is one of the oldest established insurers in the
Philippines, having been in active operation for 8 decades. Surviving the challenges o time, its
ownership has been transferred to various hands until present professionals group of enterprising
businessmen took over on October 7, 1997. These businessmen were ably led by Mario A.
Noche, who eventually became the President and Chief Executive Officer of Commonwealth
Insurance Company.
From the time the current management and owners took over, CIC has grown so fast that it
leaped from rank no. 85 in 1997 to rank no. 10 in 2014 among the 70 non-life insurance
companies licensed by the Insurance Commission. It is today, one of the respected and
recognized leaders in the insurance industry, surpassing other insurance companies of its level
and category. CIC has been duly accredited by almost all universal, commercial, development,
savings and rural banks together with leasing and financial institutions in our country. The
continued growth and progress of CIC in the insurance industry could be principally attributed to
its excellent service to its growing clientele through prompt settlement of valid claims and fast
insurance and delivery of needed insurance policies of its clientele nationwide.
Under the present energetic and innovative management, CIC is committed to continue the
legacy and tradition of quality service with a vision for excellence emulated and started by Don
Andres Soriano.