INTRODUCTION
As of May 3rd, a report by the UN Office for the Coordination of Humanitarian Affairs
(OCHA) indicated that over 205,000 individuals were affected by recent floods in Kenya,
with 195,304 displaced, at least 210 lives lost, 164 injured, and 72 missing. Heavy rains
resulted in substantial losses, casualties, deaths and displacements, especially in informal
settlements.
Long rains in Kenya often lead to disasters as seen in 2018, one of the wettest years
on record, where over 300,000 people were displaced, and more than 132 deaths were
reported. Major floods are a recurring issue in Kenya, with at least 17 significant flood
events recorded since the 1960s.
This article explores the insurance sector’s role in managing flood risk and examines
how the increasing frequency of such disasters is reshaping the insurance landscape.
By examining the measures taken by the insurance industry and the challenges it faces,
we can better understand the evolving dynamics of flood risk management in Kenya.
For more detailed information click on the link below to download the Article.
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