Kenya: Insurance association says members will cover COVID-19-related healthcare though pandemics excluded from insurance cover
"Insurance firms agree to cover coronavirus costs"
The Insurance Regulatory Authority on Friday said insurance firms will cover all policy holders affected by the new coronavirus. Commissioner of Insurance Godfrey Kiptum said the agency was in talks with health insurers and they agreed to cover medical costs of coronavirus victims in the country. Standard medical insurance typically excludes epidemics and pandemics...
The Association of Kenya Insurers (AKI) had earlier said the classification of the disease as pandemic indicates that victims will settle their own bills if cases are reported in Kenya. “If there was to be a major attack, then all insurance companies would close shop. The claims will wipe the insurers out completely. That is why such exclusions are put in insurance policies,” said Tom Gichuhi, the AKI chief executive.