Haiti Insurance Company Receives $2 Million in New Investments

By: Caribbean Journal Staff - September 14, 2012

Above: a farming project in Haiti, which is reportedly seeing increased interest in insurance (UN Photo/Logan Abassi)

By the Caribbean Journal staff

Haiti’s Alternative Insurance Company has received $2 million in new investments, according to the Clinton Bush Haiti Fund.

The funding comes from a pair of $1 million equity investments from the Clinton Bush Haiti Fund and MEDA/Sarona Asset Management.

The Inter-American Development bank has already granted a $2 million loan to the company, which insures customers from low-income individuals to commercial enterprises.

“A robust insurance sector is an important precondition to sustainable reconstruction and mitigation of future risk in Haiti, a disaster-prone country,” said Clinton Bush Haiti Fund CEO Gary Edson. “Insurance access improves initial disaster response, gets individuals and businesses back on their feet faster, and reassures investors about the security of their investments.”

AIC CEO Olivier Barrau said more Haitians were looking to insurance coverage.

“We are all learning that a prevention culture makes us stronger in an environment highly exposed to risk,” he said.

Among AIC’s micro-coverage is a funeral insurance product called Protecta, which allows families to have a safety net in the event of death in the family.

According to an AIC report, a funeral in Haiti costs, on average, 11 times the monthly income of a low-income family.

“By strengthening AIC’s capital base, we are helping AIC offer this and, in turn, act as a beacon for what insurance in Haiti can be,” Edson said.

Popular Posts cape santa maria

The Best Caribbean Beach Resort You’ve Never Heard of 

There’s a boat just offshore called “Escape.”  It’s bobbing in some of the most brilliant, dynamic turquoise water I’ve ever seen, a few meters from a stretch of sand so bright and so white you have to squint to look […]

Marriott Is Opening Its New St Regis Resort In Aruba 

aruba st regis inside the restaurant with chairs

It was more than a decade ago that Marriott opened its first-ever Ritz-Carlton resort in the Dutch Caribbean: the Ritz-Carlton, Aruba, which at the time was the island’s first true five-star resort.  Fast forward to 2024, and Marriott is set […]

From All-Inclusive Resorts to Beaches, Travelers Are Falling in Love With Antigua and Barbuda

antigua barbuda frontier airlines the peninsula with sand

The plunge-pool villas at Hammock Cove. The historic streets of Nelson’s Dockyard. Pool days at Sheer Rocks. Unforgettable honeymoons. Vibrant meals of pepperpot and fungee. Beach bar hopping on the south coast. Endless serenity in Barbuda.  Travelers keep flocking to […]

Related Posts haiti american airlines

American Airlines Is Adding More Flights to Haiti

American Airlines is adding more flights to Port-au-Prince, Haiti, Caribbean Journal has learned.  The carrier will be launching an expansion to Haiti beginning in April, increasing its scheduled service from Miami to the country’s capital to five daily flights. That […]

JetBlue Is Launching Another Major Caribbean Expansion

jetblue caribbean major expansion

JetBlue Airways is set to launch a significant expansion to the Caribbean this summer, Caribbean Journal has learned.  In July, JetBlue will launch new routes to destinations including Antigua, Puerto Rico, Cartagena, Haiti, Puerto Plata, Saint Lucia and St Thomas, […]

Spirit Relaunches Flights to Cap-Haitien, Haiti

haiti spirit airlines cap-haitien

Spirit Airlines has relaunched its flights from Fort Lauderdale to Cap-Haitien on the northern coast of Haiti.  The low-cost carrier resumed the service between Fort Lauderdale-Hollywood International Airport and Cap-Haitien International Airport on Dec. 3.  The service is the only […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You