Insurers are facing a fresh surge in claims as businesses and property owners assess loss and damage from vandalism and looting that accompanied anti-government protests, coming on the heels of flooding that left underwriters with a bill of at least Sh3.15 billion.
Kenya’s underwriters say political and climate change-related risks, which traditionally had relatively small impacts on the industry, look set to disproportionately drive up claims this year, putting them in unfamiliar territory.
