We live in a fast changing world wherein the latest technology continuously becomes outmoded, leaving far less time to react to competition. Since there is great reliance on technology, its impact can have some very profound effects on markets worldwide. It is, therefore, imperative that new products be brought to the market faster and on a wider scale, using the right technology and resources.

In the insurance industry, investments in electronic commerce and the increasing use of the Internet and e-mail have created vast opportunities for growth and expansion. We, at Paramount also envision a more flexible approach to product design and likewise, aim to be at the forefront of e-insurance business, with our state-of-the-art information technology system.

Since 1998, more than 80% of our back-end processes have been automated using our workflow system distribution through Lotus Notes. The end result is that these processes are now delivered at lightning speed, elevating our efficiency levels to world class standards.

As we start the new millennium and mark Paramount's 50th year in Philippine Insurance Industry, we find that the Internet has become more and more important in our day-to-day operating activities since it has been known for imparting information on diversified subjects and for reaching out to thousands of online consumers worldwide. The Internet has helped Paramount Gen reach untapped markets more efficiently and improve job performance, without being hampered by unwieldy expenses. It is with this belief that Paramount General Insurance Corporation joins its counterparts in the e-business world by taking a bold step toward the electronic sales and delivery of insurance policies.

Paramount Gen's web site is designed to communicate directly with our clients and our intermediaries more efficiently and cost-effectively. It provides better service to our growing pool of online consumers and business partners, as well as offer a timely response to market demands.

With Paramount Online, everything there is to know about us is right at your fingertips. Online visitors can gain easy access to company information, products and services, and latest company and industry developments. The site services people who want to browse and buy insurance policies through Paramount Gen's online insurance market. It enables visitors to shop online for a variety of insurance products, such as Motor Vehicle Insurance and specially packaged insurance coverages like the Homecare Protector, Keyman Protector and Family Protector.

Facility for servicing claims is also available on our web site. Clients may now file preliminary incident reports regarding their motor car, PA and fire policies issued by Paramount online. Our Claims Department may also be reached via claims@paramount.com.ph.

Interested parties can receive an individual quote online or can request more information about our products via e-mail. Those who choose to purchase a Paramount policy online may complete the transaction right then and there! For those paying via credit cards, payments solutions are provided by Authoriz.net, the country's first and only secured online payment processing service for e-commerce. For more information, visit www.Authoriz.net or call 750-5578. Cash payments on the other hand, can be done at any of 20 strategically located Paramount branches nationwide. Policies will be delivered by our extensive distribution network to the client and premiums can be collected COD as well.

Looking ahead, Paramount Gen assures its clients of constant innovation and keeping at par with the current standards of technology. Added features will soon become available on our web page. One such development will be online client inquiry. With this, clients may inquire about the status of their policies, as well as their claims concerns through instant links. Presently, we offer electronic delivery of insurance policies, soon, renewal notices will be delivered electronically as well. Paramount believes that client information may be useful in future cross selling of products. With these, we may soon be able to provide our clients with personalized services and offerings suited for their various needs and lifestyles. New product announcements and the latest news within Paramount will also be available through electronic newsletters, updated regularly to keep you abreast of the latest company and industry developments.

Truly, we, at Paramount Gen are committed to serve the growing needs of our intermediaries and insuring public. Get connected with convenience. Visit www.paramount.com.ph and experience service at its finest!