|
|
Company
Profile
OMNI Insurance Brokers Inc.
This
Philippines-based and registered company has been serving
the insurance needs of the community since 1979. Omni began
its business by specializing in medical, life and accident
insurance plans. Within two years the Company expanded into
general commercial, industrial and personal insurance. Omni
now ranks in the top 5% of all insurance brokerage companies
in the Philippines.
Omni has built its strength on the basis of personal and
customized service tailored to the needs of each of its
clients. OMNI places client insurance policies with over
40 major local and international insurance and pre-need
firms thus ensuring its clients a wide range of available
options.
Today OMNI is well-respected throughout the Philippines
insurance industry as well as within the expatriate community.
No policy is considered too small or too big for the resourceful
and innovative professionals at OMNI. The firm's staff networks
with a host of specialized underwriters who work closely
with the selected insurance companies.
At the present time, OMNI's total portfolio is divided between
three major product areas - fire, personal and motor insurance
with the balance taken up by miscellaneous insurance lines.
For further information contact OMNI at 810 0487 or send
an e-mail to HQ@omnibrokers.com
|
|
|
|
|

Chapter
1 -
Introducing the Philippines
Physical
Features | The People |
Government
| The Economy
The People
Population: As
of end 2001, there were more than an estimated
80 million Filipinos. The annual population
growth rate for 2000-2005 is estimated at 1.99%.
Because of the remoteness of some regions and
the failure of some people in these areas to
register all live births, precise population
figures are not readily available. The birth
rate is slowly declining but remains well above
the Asian average and adds to the problem of
poverty which is estimated to afflict at least
40% of the population even by official figures
(and many more are close to the subsistence
line).
The majority of the people are of Indo-Malay
descent although in many cases mixed with Chinese
and Spanish ancestry. Many Filipinos take Spanish
and derived Spanish family names. In most cases
their name relates to the estate to which their
ancestors were indentured.
Around 40% of the population lives in urban
areas of which 13% of the total population lives
in Metro Manila alone. Manila accounts for over
a third of the country's GDP.
Language: Filipino
and English are the most widespread languages
although many - especially among the older generation
still understand Spanish. Filipino is based
on Tagalog and is the national language of the
country although in the Visayas and in Mindanao
other distinct languages are spoken.
There are many dialects. Eight (8) major dialects
spoken by the majority of the Filipinos are
officially recognized. These are: Tagalog, Cebuano
(Visayan), Ilocano, Hiligaynon or Ilonggo, Bicol,
Waray, Pampango, and Pangasinense.
English is widely spoken in urban areas and
is the medium of instruction in higher education
as well as being the language of commerce. However
among people with little formal education, English
ability is often poor to non-existent.
Education: The
Philippines has long been noted for its educated
workforce and this is still true although there
are many who believe that educational standards
have declined over recent years. Reform of the
education system is one of the government's
current priorities.
Education comes in two forms - formal and non-formal.
Primary education is freely available although
secondary schooling is not and as a result,
there is a high drop out rate between primary
and secondary levels. In rural areas especially
the education of women remains a problem and
as a result women are often disadvantaged.
Cultural Factors:
Outwardly the Filipino people often appear more
"westernized" than other Asians. Filipinos
are socially gracious, generally have western
style names and are "Christian." However
it would be a mistake to assume therefore that
Asian cultural norms can be set aside when visiting
this country. In fact the westernization is
only a veneer. The Filipino people remain at
heart very traditional and very Asian in their
ways and in the value systems to which they
hold. Family values are of the highest importance.
Modesty and conservatism are considered virtues
- at least in public life. The concept of "face"
is just as important here as in Confucian societies.
Tread cautiously.
Health: The Philippines
has the highest per capita incidence of tuberculosis
in the world. Malnourishment and vitamin deficiencies
affect significant segments of the population
and especially in rural areas. Sadly this is
despite the ready availability of farmland for
growing crops, much of which remains idle for
political reasons.
Whilst many western countries seek after Filipino
health workers, the Philippines Government has
been slow to apply these skills domestically.
The consequence has been a general degradation
of the quality of health care services nationwide
especially to those outside the formal labor
force and thus unprotected by basic health insurance.
Yet, despite problems in both the quality and
the delivery of healthcare services to many
within the community it must also be acknowledged
that the Philippines offers some of the finest
medical and health care facilities in Asia to
those who can afford to pay. The best that the
Philippines offers is world-class - but come
insured.
Life expectancy in the Philippines (based on
2001 data) is 71.9 years for females and 66.6
years for males.
Labor Force: About
40% of the total population is of working age
of which around 90% are classified as "employed."
Approximately 500,000 persons enter the labor
force every year. Filipino labor is highly trainable
and is preferred by many multinational companies
for its English-speaking ability. A natural
inclination attributed to Filipinos is their
artistic and creative bent, which is the reason
why many have been successful in design and
related enterprises.
There are also around 7 to 8 million Filipinos
who live and work abroad. Filipino mariners
account for about 20 percent of the crew aboard
international vessels. Remittances from overseas
foreign workers amounted to some US$ 6.2 billion
in 2001.
Ethnic Groups: 91.5 percent are of Christian
Malay descent, almost 5 percent are Muslim Malay
and live predominantly in the south, close to
1 percent are ethnic Chinese, and a further
3 percent are otherwise categorized and are
mainly from upland tribal groups.
Religion: The Philippines
is the only major country in Asia in which Christianity
is the dominant faith of the population. In
1989 approximately 82 percent of the population
classified themselves as Roman Catholic, approximately
9 percent associated themselves with the local
Iglesia ni Kristo and various Protestant denominations,
a further 5 percent are Muslim with the remainder
Buddhist, Daoist (or Taoist), or other religions.
Although there is no "established church"
the Catholic Church and its bishops wield considerable
political influence behind the scenes especially
in social issues including family planning and
abortion.
Click
here to download the PDF Version of this Chapter.
|
|
|
|