Alternative Insurance Company (AIC) is a Haitian multiline insurance company founded in 2001 that offers auto, commercial, homeowners, life, group health and micro-insurance products, including a funeral micro-product called Protecta. AIC sells both higher-end and lower-cost insurance targeted at middle- and low-income clients via a broad distribution network and emphasizes governance and responsiveness to clients. After honoring claims following the January 12, 2010 earthquake, the company has focused on growing its business and developing innovative offerings over the subsequent two years. The recent capital injections are intended to strengthen AIC’s capital base, support expansion of its product portfolio and help develop micro-insurance products and mobile payment solutions for low-income Haitians. AIC positions insurance as a tool for disaster preparedness and economic resilience in Haiti’s high-risk environment.

Total raised

$4M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2012