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  • 26 | November | 2013 | Alternative Insurance Compagnie | AIC
    Annual Report PDF 2014 Annual Report eBook Insurance Summit PDF Daily Archives November 26 2013 AIC in the heart of the international press Posted on November 26 2013 by arweb AIC in the heart of the international press The prestigious U S firm McKinsey puts AIC honor through an article on the importance of strengthening the insurance sector in Haiti Continue reading Posted in News Room Comments Off Our Products

    Original URL path: http://www.aic.ht/content/2013/11/26/ (2016-01-31)
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  • News Room | Alternative Insurance Compagnie | AIC | Page 2
    financial statements according to Continue reading Posted in News Room Comments Off ALLIANCE FOR BETTERING THE INSURANCE FIELD Posted on May 17 2013 by aic AIC and Université Quisqueya join efforts to develop education and research programs Port au Prince Haïti July 11 2012 Alternative Insurance Company AIC a multiline insurance company and Quisqueya Continue reading Posted in News Room Comments Off A TRANSPARENT VIEW OF THE ROLE OF INSURANCE IN THE LONG TERM DEVELOPMENT OF HAITI Posted on May 17 2013 by aic AIC celebrates 10th Anniversary by hosting Haiti s First Insurance Summit Port au Prince Haïti May 10 2012 Alternative Insurance Company AIC a multiline insurance company announced today on the Continue reading Posted in News Room Comments Off Clinton Bush Haiti Fund Donates Company Shares to IIC Posted on May 17 2013 by aic IIC receives 6 9 of the shares of Haitian Alternative Insurance Company Washington D C February 22 2013 The Inter American Investment Corporation IIC received a donation from the Clinton Bush Continue reading Posted in News Room Comments Off THE INTER AMERICAN DEVELOPMENT BANK PARTNERS WITH A HAITIAN PRIVATE SECTOR COMPANY FOR THE FIRST TIME Posted on May 17 2013 by aic AIC will invest funds to expand insurance services and products Port au Prince Haïti March 2012 Alternative Insurance Company AIC a multiline insurance company announced today the Inter American Development Continue reading Posted in News Room Comments Off THE CLINTON BUSH HAITI FUND Posted on May 17 2013 by aic September 12 2012 Meg Galloway Pearce 202 572 4045 or meg pearce ClintonBushHaitiFund org THE CLINTON BUSH HAITI FUND JOINS THE INTER AMERICAN DEVELOPMENT BANK AND MEDA SARONA ASSET MANAGEMENT IN INVESTING IN HAITI S INSURANCE SECTOR Continue reading Posted in News Room Comments Off FIRST INSURANCE COMPANY IN PUBLISHING

    Original URL path: http://www.aic.ht/content/category/news-room/page/2/ (2016-01-31)
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  • Poverty and the Capacity to Manage Life’s Shocks | Alternative Insurance Compagnie | AIC
    products that were available services that were available which to me didn t fit the needs and the social strata of the market So Barrau who had studied insurance in college in the United States began to develop a business plan and look for local investors With the help of university contacts who were involved in the U S reinsurance industry he started Alternative Insurance Company AIC in 2001 Poverty is directly related to the capacity you have to manage or face shocks in life he says as he sketches a line graph of ups and downs on a yellow legal pad Without the assurance of a safety net to catch you before you hit rock bottom he says the downs might completely wipe you out AIC focuses on the middle of the pyramid small and medium businesses and the middle class which has waned in recent decades particularly as hordes of professionals have emigrated from Haiti Barrau believes that strengthening the middle of the pyramid will help bring up the lower part too AIC has also been involved in efforts to provide micro insurance to Haiti s rural poor but it s a challenge to sell insurance to people with extremely limited financial capacity People don t have much disposable income to be putting into something longer term Barrau says Most of their income is going into survival issues Jaki Gardner a long time insurance regulator from Minnesota visited Haiti in 2011 as part of a team that assessed the insurance sector following the January 2010 earthquake She explained to Minneapolis Star Tribune that three of Haiti s eight insurance companies didn t have adequate reinsurance The problem was they had a high concentration of risk because they were only insuring in Port Au Prince she said If all

    Original URL path: http://www.aic.ht/content/poverty-and-the-capacity-to-manage-lifes-shocks/ (2016-01-31)
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  • September | 2013 | Alternative Insurance Compagnie | AIC
    by aic An insurance company looks to help transform the way Haitians think about and prepare for risk If every time you start something says Olivier Barrau and then take a hit and Continue reading Posted in News Room Comments Off Olivier Barrau The Power of Insurance Why Haiti s Future Depends on Planning for the Worst Posted on September 25 2013 by aic By Olivier Barrau Alternative Insurance Company Haiti The Haitian people face repeated natural and man made disasters every year just last week a tropical depression hit the island bringing Continue reading Posted in News Room Comments Off The Power of Insurance Why Haiti s Future Depends on Planning for the Worst Posted on September 25 2013 by aic Article Highlights One of the most important missing links in the Haitian search for prosperity is risk management AIC strongly believes that unmitigated risk and the country s under developed insurance Continue reading Posted in News Room Comments Off The Power Of Insurance Why Haiti s Future Depends On Planning For The Worst Posted on September 25 2013 by aic In partnership with the Opportunities for the Majority initiative at the Inter American Development Bank the Skoll World

    Original URL path: http://www.aic.ht/content/2013/09/ (2016-01-31)
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  • 25 | September | 2013 | Alternative Insurance Compagnie | AIC
    2013 by aic An insurance company looks to help transform the way Haitians think about and prepare for risk If every time you start something says Olivier Barrau and then take a hit and Continue reading Posted in News Room Comments Off Olivier Barrau The Power of Insurance Why Haiti s Future Depends on Planning for the Worst Posted on September 25 2013 by aic By Olivier Barrau Alternative Insurance Company Haiti The Haitian people face repeated natural and man made disasters every year just last week a tropical depression hit the island bringing Continue reading Posted in News Room Comments Off The Power of Insurance Why Haiti s Future Depends on Planning for the Worst Posted on September 25 2013 by aic Article Highlights One of the most important missing links in the Haitian search for prosperity is risk management AIC strongly believes that unmitigated risk and the country s under developed insurance Continue reading Posted in News Room Comments Off The Power Of Insurance Why Haiti s Future Depends On Planning For The Worst Posted on September 25 2013 by aic In partnership with the Opportunities for the Majority initiative at the Inter American Development Bank the Skoll

    Original URL path: http://www.aic.ht/content/2013/09/25/ (2016-01-31)
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  • aic | Alternative Insurance Compagnie | AIC
    on Planning for the Worst Posted on September 25 2013 by aic Article Highlights One of the most important missing links in the Haitian search for prosperity is risk management AIC strongly believes that unmitigated risk and the country s under developed insurance Continue reading Posted in News Room Comments Off The Power Of Insurance Why Haiti s Future Depends On Planning For The Worst Posted on September 25 2013 by aic In partnership with the Opportunities for the Majority initiative at the Inter American Development Bank the Skoll World Forum asked the chief executives of some of the leading market based sustainable businesses that serve the Base Continue reading Posted in News Room Comments Off Haiti Le Pays le Plus Riche Posted on July 1 2013 by aic La Alternative Insurance Company lance sa nouvelle campagne publicitaire Port au Prince Haïti June 26 2013 Alternative Insurance Company AIC launched its corporate campaign entitled Haiti the richest country Continue reading Posted in News Room Comments Off First Insurance Company in Publishing an Audited Annual Report Posted on May 29 2013 by aic Among the most stable and best capitalized insurance companies in Haiti Port au Prince Haïti May 2 2013 Alternative Insurance Company AIC announced today its first annual report which is Continue reading Posted in News Room Comments Off FACT SHEET 2012 ANNUAL REPORT Posted on May 17 2013 by aic Protects its clients from possible losses of approximately HTG 491 442 billion all portfolios combined since 2001 Provides insurance coverage for over 102 000 clients Manages its financial statements according to Continue reading Posted in News Room Comments Off ALLIANCE FOR BETTERING THE INSURANCE FIELD Posted on May 17 2013 by aic AIC and Université Quisqueya join efforts to develop education and research programs Port au Prince Haïti

    Original URL path: http://www.aic.ht/content/author/aic/ (2016-01-31)
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  • Olivier Barrau: The Power of Insurance: Why Haiti’s Future Depends on Planning for the Worst | Alternative Insurance Compagnie | AIC
    related or man made such as fires set to market places the losses make the Haitian people poorer The government itself is not prepared for a major event and after the 2010 earthquake Haiti not only lost 300 000 people including 30 of its civil servants we lost the patrimony of our nation the visual markings of our history democracy culture the Presidential Palace the Cathedral and the parliament buildings Other than the independent government owned entities like the Central Bank and the Banque Nationale de Crédit the Haitian government did not insure a single building vehicle or stick of furniture If as we say Si se Bondye ki voye La peye chay la pou wou If it is God who sends you he ll pay your expenses Haiti is long overdue for a paycheck Limited access to social security is the common denominator in all underdeveloped countries and Haiti is no different Less than 3 of the population has access to social security and less than 200 000 people out of a population of 10 million have access to health insurance There are at most 300 000 people insured by any product in all of Haiti The population turns to unconventional risk management to address this exposure loan sharks selling assets and depleting the few savings they have These methods always fall short of expected results The earthquake s economic impact illustrates how a fragile economy is pushed further into poverty by an external shock when it does not have the capacity to face risk Risk requires preparation and the poorer you are the more urgent that preparation is Haiti s population is not only poor it is also fatalistic Fatalism is a key contributing factor to our lack of preparation so we continue to feel the full impact of every shock Each time Haiti is hit by weather or social unrest the cost of the shock is threefold the loss of property and or the loss of life itself the negative impact on the economy and the cost of rebuilding after the loss The victim also experiences the additional cost of productive time lost Without insurance the family or nation may not be able to recover at all By contrast insuring the things most precious to us our lives and our assets we take the first step on the path to self determination AIC s history is one of developing risk management tools to provide Haitians with a greater capacity to face risk These tools are not just insurance products They include our commitment to educating our customers building an understanding that insurance can help proactively protect our future We built our business in an unregulated highly competitive market selling products that are as much about changing Haitians minds as they are about insuring their assets Our business model reflects the values of the UN Millennium Development Goals and contributes to Haiti achieving those outcomes And our products and educational campaigns are both integral to the company s

    Original URL path: http://www.aic.ht/content/olivier-barrau-the-power-of-insurance-why-haitis-future-depends-on-planning-for-the-worst/ (2016-01-31)
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  • The Power of Insurance: Why Haiti’s Future Depends on Planning for the Worst | Alternative Insurance Compagnie | AIC
    the goal of insurance is to make sure people can survive hardships and the poor are those who are most exposed The challenge Haiti faces is building a safety net for rural people whose certificate of deposit is their cow whose demand deposit is their goat and whose cash is a chicken The vast majority of households are uninsured and after each shock whether weather related or man made such as fires set to market places the losses make the Haitian people poorer The government itself is not prepared for a major event and after the 2010 earthquake Haiti not only lost 300 000 people including 30 of its civil servants we lost the patrimony of our nation the visual markings of our history democracy culture the Presidential Palace the Cathedral and the parliament buildings Other than the independent government owned entities like the Central Bank and the Banque Nationale de Crédit the Haitian government did not insure a single building vehicle or stick of furniture If as we say Si se Bondye ki voye La peye chay la pou wou If it is God who sends you he ll pay your expenses Haiti is long overdue for a paycheck Limited access to social security is the common denominator in all underdeveloped countries and Haiti is no different Less than 3 of the population has access to social security and less than 200 000 people out of a population of 10 million have access to health insurance There are at most 300 000 people insured by any product in all of Haiti The population turns to unconventional risk management to address this exposure loan sharks selling assets and depleting the few savings they have These methods always fall short of expected results The earthquake s economic impact illustrates how a fragile economy is pushed further into poverty by an external shock when it does not have the capacity to face risk Risk requires preparation and the poorer you are the more urgent that preparation is Haiti s population is not only poor it is also fatalistic Fatalism is a key contributing factor to our lack of preparation so we continue to feel the full impact of every shock Each time Haiti is hit by weather or social unrest the cost of the shock is threefold the loss of property and or the loss of life itself the negative impact on the economy and the cost of rebuilding after the loss The victim also experiences the additional cost of productive time lost Without insurance the family or nation may not be able to recover at all By contrast insuring the things most precious to us our lives and our assets we take the first step on the path to self determination AIC s history is one of developing risk management tools to provide Haitians with a greater capacity to face risk These tools are not just insurance products They include our commitment to educating our customers building an understanding that insurance

    Original URL path: http://www.aic.ht/content/the-power-of-insurance-why-haitis-future-depends-on-planning-for-the-worst-2/ (2016-01-31)
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