Flood-related claims cost Old Mutual General Insurance about Sh200 million last year, with the insurer now assessing fresh losses from recent rains in a sign of escalating climate risks in the market.
Japheth Ogalloh, the managing director of Old Mutual General Insurance, said floods were one of the main drivers of claims settled in the year ended December 2025, alongside a rise in the price of spare parts, with effects felt across medical and motor covers.
