Belize Insurance Center

What Belize Insurance Center does

Belize Insurance Centre (Insurance Agents) Ltd., doing business as Belize Insurance Center, is a Belize-based insurance agency founded in July 1972. It operates as an intermediary broker, functioning as General Agent for CG United Insurance Ltd, and as agent for Sagicor Life Inc. and A.N.A. Compania de Seguros SA de CV. The company distributes a portfolio of 22 General Insurance and Life Insurance products spanning both commercial and personal lines, sourced exclusively through these three carrier partnerships rather than proprietary underwriting.

The firm serves two primary customer segments: commercial businesses requiring coverage such as Fire & Extra Perils, Employer's Liability, Business Interruption, Motor, Burglary, Public Liability, Bonds, Mexican Insurance, Marine, and Contractors' All Risk; and individual/personal customers seeking Homeowner, Private Motor, Travel (both outbound and inbound visitor), Personal Accident, and Yacht & Pleasure Craft coverage. Distribution is conducted through a single physical office at 212 North Front Street, Belize City, supported by phone, WhatsApp, email, and an online contact form on belizeinsurance.com.

The business model is commission-based: the agency earns referral/affiliate commissions from its carrier partners on policies sold and renewed, with pricing determined per-quote based on individual risk assessment rather than disclosed rates. Headcount is 7 employees, and the firm is privately held with no disclosed parent company, investors, or financial metrics. There is no proprietary technology platform, mobile application, or disclosed AI/automation; the company's competitive position rests on its multi-decade local presence, multi-carrier access, and in-person claims servicing.

Name

Belize Insurance Center

Legal name

Belize Insurance Centre (Insurance Agents) Ltd.

Website

https://belizeinsurance.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

1–10 employees

Short description

Belize Insurance Center is a privately held Belize-based insurance agency founded in 1972, operating as General Agent for CG United Insurance and agent for Sagicor Life and A.N.A. Seguros, distributing commercial and personal General and Life insurance products to businesses and individuals across Belize.

Ownership category

akta.pro rank

Product category

Insurance Agency and Brokerage Services

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurtech-Enabled Brokerage (Digital Brokers & Aggregators) (FSAEADAN)

akta.pro secondary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Insurance agency services
• General insurance brokerage
• Life insurance distribution
• Commercial insurance coverage
• Personal insurance coverage

Headquarters

HQ city

Belize City

HQ country

Belize

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance Agency Commissions: The company operates as an insurance agent/broker earning commissions from insurance carriers. They are a general agent for CG United Insurance Ltd, an agent for Sagicor Life Inc., and an agent for A.N.A. Compania de Seguros SA de CV. Revenue is generated through commissions on insurance policies sold and renewed for these carrier partners.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Belize Insurance Centre (Insurance Agents) Ltd. is a Belize-based insurance agency and brokerage that distributes General Insurance and Life Insurance products on behalf of carrier partners, including CG United Insurance Ltd (as General Agent), Sagicor Life Inc., and A.N.A. Compania de Seguros SA de CV. It advises commercial and individual clients on appropriate coverage at competitive premiums and services claims with the carriers, earning commission-based revenue from policy sales and renewals.

Product overview

Belize Insurance Centre (Insurance Agents) Ltd. operates as an insurance agency providing a portfolio of General Insurance and Life Insurance products through agency relationships with major insurers CG United Insurance Ltd, Sagicor Life Inc., and A.N.A. Compania de Seguros SA de CV. The company offers two main product categories: Commercial insurance products including Fire & Extra Perils, Employer's Liability, Business Interruption, Motor, Burglary, Public Liability, Bonds, Mexican Insurance, Engineering Machinery, Glass, Contractors' All Risk, Fidelity Guarantee, Marine, Money, Goods in Transit, and Travel/Health & Accident; and Personal insurance products including Homeowner Home-Pro, Private Motor, Holiday Travel-Outbound, Visitor Travel-Inbound, Personal Accident, and Yacht & Pleasure Craft. The agency acts as a broker/advisor helping customers select appropriate coverage at competitive prices and services claims on behalf of its carrier partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Fire & Extra Perils Insurance

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• CG United Insurance LtdcoreChannel Partner/ Reseller/ DistributorCG United Insurance Ltd is a major Caribbean insurance provider. Belize Insurance Centre serves as the General Agent for CG United Insurance Ltd in Belize, offering their full range of general insurance products to customers.
• Sagicor Life Inc.coreChannel Partner/ Reseller/ DistributorSagicor Life Inc. is a leading life insurance company in the Caribbean. Belize Insurance Centre operates as an Agent for Sagicor Life Inc., providing life insurance products to Belize customers.
• A.N.A. Compania de Seguros SA de CV.coreChannel Partner/ Reseller/ DistributorA.N.A. Compania de Seguros SA de CV. is a Mexican insurance company. Belize Insurance Centre acts as an Agent for this carrier, providing access to their insurance products including Mexican Insurance coverage.

Scale indicators1 record

Recent moves4 records

Expansion highlights2 records

Broad incumbents

• CG United Insurance Ltd: Major Caribbean general insurer for which Belize Insurance Center serves as General Agent in Belize. Comparable as a regional multi-line insurance brand with agency distribution, and a direct counterparty shaping BIC's commercial lines book.
• Guardian Group Caribbean: A major Caribbean insurance and financial services group offering life, health, and property & casualty coverage through agency networks — comparable in distribution model and product breadth to Belize Insurance Center.
• GraceKennedy Insurance: Caribbean financial conglomerate with a multi-line insurance agency/brokerage operation; comparable as a regional broker offering both commercial and personal lines through Caribbean agency distribution.
• Pan-American Life Insurance Group: A long-established life and health insurer with significant presence across the Caribbean and Latin America, offering agency-distributed life and group products similar to those BIC places through Sagicor.
• Sagicor Life Inc. A leading Caribbean life insurance group that is itself one of Belize Insurance Center's carrier partners, but also operates agency distribution and direct sales across the Caribbean — making it both a partner and a structural comparable for the life-insurance agency role.
• A.N.A. Compania de Seguros: Mexican multi-line insurance carrier that is one of BIC's principal carrier partners; comparable as a regional incumbent in property/casualty whose products BIC distributes for cross-border Mexican exposure.

Direct peers

• British Caribbean Insurance Company: A Belize-based insurance carrier/broker providing property, motor, marine, and other general insurance lines domestically — a direct competitor serving the same Belize commercial and personal market as Belize Insurance Center.

Regional players

• Caribbean Insurance Brokers Ltd. A Caribbean-focused insurance brokerage placing commercial and personal coverage across multiple carriers — directly comparable business model to BIC, though operating across a broader Caribbean geography rather than just Belize.
• JN Life Insurance Company (Jamaica): Caribbean life insurance provider with a strong agency distribution model serving a small national market — comparable to BIC's life insurance agency role in Belize, though focused on Jamaica.

Emerging players

• Kolibri Insurance Brokers: An emerging digital-first insurance broker serving Central American and Caribbean markets, comparable to BIC as a multi-carrier brokerage serving similar SMB and personal customers, though competing via a digital channel rather than a physical office.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/belize-insurance-center

Revenue estimate

Valuation estimate

Number of profiles

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 Belize Insurance Center