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Needed: a flood risk insurance pool for Kenya
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.
Nations are grappling with the emerging climate risks whose economic cost is cumulatively running into trillions of dollars . These are financial, social and environmental losses arising from extreme climate -related loss events such as earthquakes, floods and wildfires.
For the insurance industry, climate risks are undermining existing traditional risk management frameworks that were designed for risks that are predictable with a degree of certainty.
