For years, honest motorists across Belize have unknowingly carried the financial burden of dishonest insurance claims, as widespread fraud pushes up industry-wide costs that are ultimately passed to legitimate policyholders. That long-standing unfair dynamic is set for a major shift, however, with the official launch of ClaimsVAULT Belize on July 3, 2026 — the nation’s first shared motor claims intelligence system designed to root out fraudulent activity.
The groundbreaking platform is the result of a collaborative development effort between the Organisation of Insurance Companies of Belize (ORINCO) and Jamaica-based EPIC Technologies. Unlike fragmented internal data systems that have limited insurers’ ability to spot pattern-based fraud across the market, ClaimsVAULT creates a secure, centralized network that lets all participating providers share real-time claims data with one another. This cross-industry visibility empowers insurers to flag suspicious claims faster, accelerate the pace of fraud investigations, and make more informed, accurate underwriting decisions that reflect a driver’s actual risk profile.
Andrew Roe, CEO of the Roe Group Companies, emphasized that ordinary law-abiding drivers stand to be the biggest beneficiaries of the new system. For decades, safe drivers who have gone years without accidents or claims have been forced to pay higher premiums to cover losses from fraudulent claims submitted by bad actors. With the new intelligence platform in place, Roe explained, insurers can now clearly distinguish between low-risk safe drivers and repeat offenders or those submitting dishonest claims, ending the practice of penalizing honest motorists for others’ misconduct.
Industry data underscores just how pressing the problem of unaddressed insurance fraud and unpaid losses has become in Belize. Alma Gomez, Supervisor of Insurance at the Office of the Supervisor of Insurance & Private Pensions, revealed that in the first quarter of 2026 alone, total motor vehicle insurance claim payouts hit $5.3 million, with an additional $5.5 million in outstanding claims carried forward from previous periods. The issue is not isolated to motor insurance, either: Gomez noted that health insurance has seen similarly staggering levels of outstanding and paid claims, with $5.1 million paid out in the first quarter and another $2.3 million still pending. Both core sectors are currently reporting sustained losses, driven in large part by undetected fraudulent activity that the new ClaimsVAULT system is designed to eliminate.