ORINCO Celebrates 40 Years of Insurance Excellence

Turning forty never looked so good, especially if you’re the Organization of Insurance Companies of Belize, better known as ORINCO. This week, the group marked four decades of service to the country’s insurance industry. Since its founding in 1985, ORINCO has worked to bring Belize’s licensed insurance companies under one umbrella, and today, it stands as a trusted voice in the sector. The milestone was celebrated this morning with a special ceremony at the Atlantic Insurance Tower, where we heard from ORINCO President Norman Moore.

 

Norman Moore, President, ORINCO

“We are celebrating forty-years of unified collaboration with all the insurance companies here. ORINCO came about because the domestic insurance wanted a unified voice in the domestic market. It was established in 1985 and I am a second generation family member of the ORINCO. From home protector it is a family owned company. But it was a united front by all insurers at that time. We are competitors in the market but we unified to collaborate to try to remove the insurance industry forward.”

 

Paul Lopez

“How has the industry transformed since forty years ago and what does the future look like?”

 

Norman Moore

“Well forty years ago it is a vast change. On the technological front we can see the implementation of more data sharing. And that is what we are moving forward to as ORINCO. We want to share our data.”

 

Paul Lopez

“And the future?”

 

Norman Moore

“We are setting up this organization to fully move forward and continue to collaborate with all insurers in the Belize market.”