By June, local insurers had paid over Sh120 million in Covid-19-related claims, according to the Association of Kenya Insurers (AKI). Minet Kenya Chief Executive Sammy Muthui said the claims for Covid-19 have become “really severe” and unsustainable, placing the industry on high alert. “On health insurance, the industry is on a high alert right now. “The savings in health claims that took place earlier on are now being completely wiped out by the rising Covid-19 cases and the sheer high price around it,” he said. At the onset of the pandemic and up to now, health insurers have been in the eye of the storm over Covid-related claims.

Source: Standard Digital August 10, 2020 21:00 UTC