Filed Under:Risk Management, Loss Control

Swiss Re Honored For Microinsurance Work

From Left: Walter Bell, Chairman Swiss Re America; Anne H. Hastings, CEO Sevis Finansye Fonkoze; Yeardley Smith (NU/Mark E. Ruquet)
From Left: Walter Bell, Chairman Swiss Re America; Anne H. Hastings, CEO Sevis Finansye Fonkoze; Yeardley Smith (NU/Mark E. Ruquet)

NU Online News Service, March 30, 3:10 p.m. EDT

NEW YORK—Microinsurance is not an act of charity but a business model that can pay insurers real dividends while helping the impoverished climb back from natural catastrophes, says the chairman of America for Swiss Re. 

The theme of the evening was that a sustainable business plan directed by experienced risk managers, not charitable donations aimed independently of one another, can truly help people pull themselves out of poverty in the wake of disaster.

Anne Hastings, CEO of financial arm Sèvis Finansye Fonkoze, notes that Haiti had been hit by an unusually vicious decade of natural catastrophes beginning in 2004 with flooding in Southeast Haiti and four-hurricanes swiping the nation in 2008.

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