T
Originally published by The Standard BusinessMay 31, 2026
5h ago
Low insurance uptake exposes Kenyans to rising flood, theft damage

Floods and rising vehicle theft are hitting Kenyan households at the same time, but most victims are facing both shocks without insurance cover...
✨ Key Highlights
Kenya is facing a dual crisis of rising flood and vehicle theft damages, with a significant majority of affected households lacking insurance cover.
- Kenya's insurance penetration rate dropped to 2.2% of GDP in the first half of 2025, far below the global average.
- The Insurance Regulatory Authority and Central Bank of Kenya report that recent floods in March 2026 killed at least 112 people and damaged nearly 7,000 households.
- A rise in motor vehicle theft, particularly targeting valuable parts, exacerbates losses, with most stolen vehicles lacking insurance according to AKI data.
Continue Reading
Read the complete article from The Standard Business
Advertisement
Related News
Advertisement





