In 2018, RAROCO Insurance Brokers, Inc. marked its 35th anniversary, a significant milestone celebrated with the theme “Staying Alive at 35.” This accomplishment was further solidified by a feature in People Asia Magazine, a testament to the company’s enduring success and credibility within the competitive Philippine insurance brokerage industry. Under the leadership of its founder, Ramon Roco, RAROCO has navigated the industry’s complexities, establishing itself as a prominent player.
The feature in People Asia, a widely respected publication, holds considerable weight. Inclusion in such a prominent magazine validates RAROCO’s standing as a leading player in the industry. It signifies that the company has not only survived but thrived, earning a reputation that resonates with a broad audience. This public acknowledgment reinforces the trust and confidence clients place in RAROCO.
The company’s origins trace back to Mr. Roco’s initial foray into the insurance sector as a life insurance agent. Recognizing the need for a comprehensive approach, he expanded his expertise to include non-life insurance, effectively providing a full spectrum of services to his clientele. His early success was highlighted by his recognition as one of the Ten Outstanding Philippine Salesmen (TOPS) by the Philippine Management Association in the early 1980s. This achievement provided the foundation for the establishment of RA ROCO Insurance Agency in 1983.
The transition to RAROCO Insurance Brokers, Inc. in December 2003 marked a pivotal moment in the company’s evolution. Over the years, RAROCO has demonstrated consistent performance and reliability, earning recognition from key industry players. Notably, the company has consistently ranked as a top producer for Pacific Cross (formerly Blue Cross) in medical and travel insurance, and has also been acknowledged as a high-ranking producer for Philippine British Assurance Corp. in motor car insurance. These endorsements further underscore the company’s ability to deliver results and maintain strong relationships with leading insurance providers.
The People Asia feature highlighted the critical factors contributing to RAROCO’s success as a leading insurance broker. These factors are rooted in regulatory compliance and a commitment to providing comprehensive services to clients.
Firstly, RAROCO adheres to all regulatory requirements, including Insurance Commission licensure for its brokers and the inclusion of “insurance broker” in its corporate name. This compliance ensures that the company operates within the legal framework, fostering trust and confidence among clients.
Secondly, RAROCO streamlines the insurance selection process for its clients. By acting as intermediaries, they save businesses valuable time and resources. Their services include:
- Expert Guidance: Assisting in identifying suitable insurers and selecting appropriate policies based on specific business needs.
- Cost Optimization: Negotiating competitive premiums to ensure the best value within the client’s budget.
Thirdly, RAROCO simplifies insurance administration through its consolidated management approach. This “one-stop shop” model allows businesses to manage all their insurance needs, including property, liability, and employee benefits, through a single point of contact.
Furthermore, RAROCO provides crucial support during the claims process:
- Navigating the Claims Process: Guiding businesses through the complexities of filing and managing claims.
- Securing Optimal Settlements: Advocating for the best possible outcomes in claim resolutions.
In addition, RAROCO focuses on proactive risk management:
- Risk Assessment: Identifying potential risks and vulnerabilities specific to the client’s business operations.
- Risk Mitigation Strategies: Developing and implementing effective plans to minimize potential losses.
Finally, RAROCO ensures clients fully understand their insurance coverage:
- Clear Explanations: Providing concise explanations of complex policies.
- Expert Advice: Offering valuable insights and recommendations on risk management.
As RAROCO Insurance Brokers, Inc. looks towards its future, with a vision of reaching 100 years and beyond, the 35th-anniversary feature in People Asia stands as a testament to its established credibility and enduring success. It serves as a marker of its long-term commitment to the Philippine insurance landscape.
