Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Insurers now weigh premium raises amid rising flood risks
A woman walks past the wreckages of private vehicles destroyed following heavy rainfall in the Grogan area, popular for automotive workshops and secondhand spare parts in downtown Nairobi, Kenya on March 7, 2026.
Insurers are considering raising premiums on flood risks following a fresh wave of floods sweeping across parts of Kenya, barely two years after they paid out more than Sh5 billion in claims linked to the same weather event.
Properties, including cars and houses as well as businesses, were destroyed following a recent downpour that also caused death, injuries and displacements, leaving underwriters bracing for another surge in claims across various insurance classes.
