ADOCOSE

What ADOCOSE does

ADOCOSE (Asociación Dominicana de Corredores de Seguros, Inc.) is a non-profit professional trade association founded in 1978 in the Dominican Republic, representing insurance brokers (corredores de seguros) registered under Dominican Law 146-02. The association aggregates more than 300 member broker firms that collectively control over 65% of the brokered insurance portfolio in the Dominican Republic, giving it a dominant position within the national insurance distribution ecosystem. Its mission centers on professional representation, regulatory advocacy (through formal seats on JUCOSE, COPAPROSE, and CONEP), continuing education, and industry benchmarking for its members.

The organization operates from a main headquarters in Torre Empresarial AIRD, La Julia, Santo Domingo, with two additional national branches — Filial Norte in Santiago and Filial Este in Bávaro/Punta Cana. Its product and service surface includes recurring compliance and professional training programs (Diplomado LA-FT for anti-money laundering, Diplomado AR for insurance and risk, Taller LA-FT), the annual IX Congreso ADOCOSE congress, the annual Premios a la Excelencia awards program (surveyed by Kantar Mercaplan across 262-300 broker firms), and the Observatorio ADOCOSE industry research service. The technology stack is minimal — a Wix-based website and standard social media channels — consistent with its role as a member-driven association rather than a software company.

ADOCOSE's business model is membership-dues-driven (subscription/recurring), supplemented by event fees, training program revenue, and tiered sponsorship income from Diamond- and Gold-level insurer collaborators including Humano Seguros, La Colonial, Mapfre BHD, Seguros Reservas, Seguros Sura, and Seguros Universal. It is member-owned and member-governed via an elected Junta Directiva serving two-year terms; the 2025-2027 board is led by President Richard Ros, with Sadia Jorge Campos serving as Executive Director since 2024. The association does not publicly disclose revenue or financial statements, and it has no parent company, subsidiaries, or external investment structure.

Name

ADOCOSE

Legal name

Asociación Dominicana de Corredores de Seguros, Inc.

Website

https://adocose.org

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

11–50 employees

Short description

ADOCOSE is a non-profit Dominican trade association, founded 1978, representing 300+ insurance broker firms that control over 65% of the country's brokered insurance portfolio, delivering training, advocacy, congresses, and industry research to members.

Ownership category

akta.pro rank

Headquarters

HQ city

La Julia

HQ country

Dominican Republic

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Dues: ADOCOSE generates revenue through membership dues from insurance broker firms. Members pay fees to join and maintain membership in the association, which provides representation, professional development, networking, and benefits to its members.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

ADOCOSE (Asociación Dominicana de Corredores de Seguros) is a non-profit trade association that represents more than 300 insurance broker firms in the Dominican Republic. It provides member services including professional development programs (Diplomados and Talleres on anti-money laundering and risk management), an annual congress, the Premios a la Excelencia awards program, industry research through Observatorio ADOCOSE, regulatory advocacy, networking events, working commissions, and collective representation before public and private authorities.

Product overview

ADOCOSE (Asociación Dominicana de Corredores de Seguros) is a non-profit association representing insurance brokers in the Dominican Republic. The organization functions as a professional association rather than a product company, offering member services including training programs (Diplomado LA-FT on anti-money laundering, Diplomado AR, Taller LA-FT), professional development courses, an annual congress (IX CONGRESO ADOCOSE), the Premios a la Excelencia awards program, and the ADOCOSE Observatory (Observatorio ADOCOSE) for industry research and statistics. The association also provides networking events, working commissions, and advocacy services for its over 300 member broker firms.

Differentiator

Problem solved

Functional benefit

Products and services

• Diplomado LA-FT Professional development diploma program covering anti-money laundering and terrorism financing (LA-FT) compliance, designed for insurance broker professionals in the Dominican Republic who must comply with Law 155-17.
• Diplomado AR Professional diploma program on insurance and risk management (AR) topics for insurance broker members seeking advanced technical and regulatory training.
• Taller LA-FT Workshop on anti-money laundering and terrorism financing compliance tailored for insurance sector professionals, supporting Law 155-17 obligations for member brokers.
• Observatorio ADOCOSE Industry observatory providing research, statistics, and survey results on the Dominican insurance market to support member broker decision-making.
• ADOCOSE Membership Association membership for Dominican insurance broker firms providing regulatory representation, networking events, training, working commissions, preferential pricing on ADOCOSE activities, and collective advocacy. Open to brokers registered under Law 146-02 on Insurance and Bonds, with referral from an existing member and an insurer executive affiliated with CADOAR required.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• COPAPROSE (Confederación Panamericana de Productores de Seguros)coreStrategic or Co-development PartnerADOCOSE is an associate member of COPAPROSE, one of the main international organizations grouping associations of insurance producers from Latin America, the United States, Spain, and Portugal.
• CONEP (Consejo Nacional de la Empresa Privada)coreStrategic or Co-development PartnerADOCOSE is a member of CONEP, the National Council of Private Enterprise, providing representation and advocacy for private sector interests.
• JUCOSE (Junta Consultiva De Seguros)coreStrategic or Co-development PartnerADOCOSE is a member of JUCOSE, the Consultive Board of Insurance, participating in regulatory discussions and policy development.
• Humano SegurosmajorGTM or Marketing PartnerDiamond-level collaborator offering ADOCOSE members 10% discount on local health insurance, 5% on international health, and 10% on life insurance policies.
• La Colonial de SegurosmajorGTM or Marketing PartnerDiamond-level collaborator and frequent winner of ADOCOSE Premios a la Excelencia awards.
• Mapfre BHD SegurosmajorGTM or Marketing PartnerDiamond-level collaborator offering business assistance services including legal advice on telephony, labor and tax matters, accounting, and technology.
• Seguros ReservasmajorGTM or Marketing PartnerGold-level collaborator providing access to professional liability insurance policies for members.
• Seguros SuramajorGTM or Marketing PartnerGold-level collaborator providing access to professional liability insurance policies for brokers.
• Seguros UniversalmajorGTM or Marketing PartnerDiamond-level collaborator.
• Kantar MercaplanminorOthersSurvey agency contracted to conduct member satisfaction surveys for the annual Premios a la Excelencia awards, covering 262-300 broker firms.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key highlights6 records

Customer concentration

• Xx.com/adocose
• YouTubeyoutube.com/channel/UCWGCzd5kOIjaNBpCzMhUSaA
• Facebookfacebook.com/adocoserd
• Instagraminstagram.com/adocose
• LinkedInlinkedin.com/company/adocose

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ADOCOSE