Insurance Corporation of Belize Limited

About I.C.B.

Business Description: Insurance Corporation of Belize Limited is a general, non-life insurance company, incorporated on the 30th January 1981 under Chapter 250 of the Laws of Belize (Revised Edition 1958) and registered and licensed to carry on motor vehicle, property, marine, aviation and other liability business in the country of Belize.

Affiliations and Awards• Member of The Belize Chamber of Commerce and Industry• Member of the Organization of Insurance Companies of Belize

(O.R.I.N.C.O.)• Member of the Insurance Association of The Caribbean (I.A.C.)• Member of the Association of Insurance and Reinsurance of

Developing Countries (A.I.R.D.C.)• 20th Golden Trophy for Quality (Argentina 1995)• 20th International Golden Award for Industry (Spain 1995)

Belize, Truly the Home of I.C.B.Largest Motor insurance provider in Belize and a leader in a host of other products.

Belize’s most recognized and trusted insurance brand

Largest interconnected Network of Agents and Branch Offices Countrywide with over 60 full time employees.

One of the nation’s most

Financially Strong insurance organization -(Solvency Margin -381.8% (312%-2009)

A (Excellent ) Reinsurers

Superior customers service

Exceptional claims response

Mission Statement

• Our mission is to actively establish, develop and promote the enhancement of the insurance industry; to anticipate changes in the global insurance marketplace and contribute to the economic development of Belize

Corporate Values

• Integrity: I.C.B. employees adhere to the highest ethical standards in the performance of their duties and responsibilities.

• Competence: I.C.B. maintains a highly skilled, dedicated, and diverse workforce.

• Teamwork: I.C.B. employees work cooperatively with one another to accomplish the Corporation’s mission.

• Effectiveness: I.C.B. responds quickly and successfully to identified risk in the insured local market.

• Financial Stewardship: I.C.B. act as a responsible financial fiduciary consistently operating in an efficient and cost effective manner on behalf of our insured and other stakeholders.

• Fairness: I.C.B. treats all employees, insured and other stakeholders with impartiality and mutual respect.

I.C.B. - Making a Positive Difference in a Changing Belize

Management:

CEO- Erdulfo Nunez

Deputy CEO- Dufy Nunez

CFO- Abel Samos

General Manager- Evodia Lawrence

Reinsurance Manager-Lorena Rancharan

Sale/Mktg. Manager- Marvin Garcia

IT Manager- Ranier Cruz

Risk Manager-Salvador Awe

Industry: Insurance

Number of Employees: 60

Banks: Scotia Bank (Belize)

Auditor: Castillo Sanchez & Burrell, LLP Independent Correspondent Firm to Deloitte Touche Tohmatsu

Law Firm(s): Borrow and Williams

Directors:

Rita Waight- Chairlady

Erdulfo Nunez- Executive Director

Wilfredo Nunez Jr.- Director

Ramon Villanueva – Director

John Quan- Director

Pedro Salazar- Director

Lorena Rancharan- Company Secretary

Reinsurers –: 2010-2011

• ODYSSEY RE-(Miami)A (Excellent)

• QBE The Americas-(New York)A (Excellent)

• QBE DEL ISTMO A (Excellent)

• Lloyd’s

A (Excellent)

AM Best Ratings

Private Insurance

As a financial institution, our main goal is to

give each customer an experience that

exceeds expectations. We do that by

listening to each of our customers and then

putting together a set of coverage’s that

precisely matches those needs.

This commitment to customer satisfaction

has not only gained the trust of our

customers, it has also earned us the trust of

our business partners and stakeholders.

Commercial Insurance• Our Expert Service extends to a wide selection of

Commercial coverage’s including: Commercial Auto, Marine Cargo, Public Liability ,Business Interruption, Custom Bonds and other umbrella policies. Give us a call at (501-224-5328), or use our agent locator at www.icbinsurance.com to find an agent or branch office who will give you more information about the variety of other services and coverage’s I.C.B. can offer you.

• With Insurance Corporation of Belize you get the coverage’s you need at a price that’s fair.

Claims Satisfaction GuaranteedOur expertise also extends to our claims services. Our expert claims department makes certain legitimate claims are paid, quickly and fairly.

Anyone can advertise great service. But not everyone delivers.

ICB paying their clients for Hurricane Richard claims

Thank YouAbel Samos  MBA (Acct.), BSc (Bus.)   • Financial Controller• Insurance Corporation of Belize Ltd.• 16 Daly Street• P.O Box 519• Belize City• Belize, Central America• ___________________________• E-mail: a.samos@icbinsurance.com• Tel:  (501) 224-5328-9 • Fax: (501) 223-1317• Website: http://www.icbinsurance.com

You don’t have to have any reservations about trusting Insurance Corporation of Belize for all of your personal or business’s insurance needs. That’s because at ICB, your 100% satisfaction is our number one concern. We want to make certain you get the kind of coverage you need and the service you expect.