Protecta

Founded on December 17, 2001 by a new generation of insurers, Alternative Insurance Company S.A. (AIC) is a trustworthy and socially responsible company offering to all segments of the Haitian population, expertise, and first class products in the insurance field.

Led by a diversified board of directors of five members, AIC has inherited 75 years of experience from Agency BARRAU ET Fils SA; a family owned insurance brokerage firm developing strategies, products and services best suited for the target market.

During the past 10 years, AIC was able to distinguish itself among the largest insurers in the country, capturing the largest market share. Also enjoying strong profitability, it has been classified respectively in 2006/2007 and 2007/2008, 35th and 43rd largest taxpayer to the Haitian Government.

With AIC's knowledge of the insurance marketplace, it is constantly innovating with new products in order to prove its leadership such as:

• Health Insurance
• Life Insurance
• Homeowners Insurance
• Commercial Fire
• Automobile Insurance
• Construction all risk
• Micro Insurance
• Funeral Insurance

AIC's financial strength is secured by the world's most reputable reinsurance companies. Since its foundation in 2001, AIC has developed a methodology based mainly financial security, on a personalized and very high level of customer service. In the ongoing effort to support and supervise its staff, AIC offers to its resources the opportunity to attend training sessions in the most renowned insurance schools across the world.

AIC contributes greatly to poverty reduction through its Micro Insurance products. Thus, in partnership with Fondasyon Kole Zepòl (Fonkoze) and other microfinance partners, AIC constently looks for opportunities to equip the vulnerable populations with risk mitigating tools that can help them cope with sudden chocks.

AIC also innovates once again with the launch of a new funeral insurance coverage, PROTECTA (www.protecta.ht). It is an insurance product covering a large segment of the population, particularly low-income households.

With the idea to support the reconstruction of Haiti following the Janurary 12th 2010 earthquake, AIC started offering since November 2010 its Construction all risk (CAR) policy that will help protect that wealth we are creating through reconstruction from the 1st dollar of investment.

With regards to low income populations, AIC frequently organizes Health educational campaigns that help play an important role in prevention and intensive screening of diseases, while guiding patients to health centers in its network that offer free care.

Over the years, AIC has developed strategic alliances with strong institutions from the banking and micro finance industry including: Banque Nationale de Credit (BNC), Foundation Kole Zepòl (Fonkoze) and more recently Sogesol.

After several months of negotiations and studies, AIC, in partnership with Banque Nationale de Credit (BNC) launched for the first time in Haiti “bancassurance” in September 2008. This concept promotes the distribution of insurance products through banks branches in order to increase proximity while offering the product at a lower cost.

In October 2008, AIC was invited to the 4th World Conference on Micro Insurance in Columbia, chaired by the Munich Re Foundation and honored by the presence of His Excellency Mr. Alvaro Uribe. It must be said that to present at this conference, AIC was elected from among the 3 candidates on 40, to present and share its knowledge and experience on micro insurance to an audience of over 500 international experts.

On the other hand, in September 2008, AIC was among the first 10 selected from 140 applicants from several countries, receiving a grant through the innovation program of the Bill and Melinda Gates Foundation administered by International Labor Organization (ILO).

On July 23rd 2009, AIC won the Pioneers of Prosperity Award for Haiti and held the second position of that competition for the Caribean region. The second position prize for the Caribbean awarded AIC a prize of US$75,000 which, in accordance with the requirements of the grant, will only be used for training of the AIC's staff.

These recognitions are due to the dedication and willingness of a strong and dynamic team eager to innovate by developing financial tools adapted to needs of populations for a better quality of life, through better risk management limiting social and economic downfall.

The daily and spontaneous smile of our employees is their overwhelming need to serve.