By PATRICK ALUSHULAMore by this AuthorInsurance firms will not meet medical bills for victims of the deadly coronavirus after the World Health Organisation (WHO) declared the disease a pandemic. Standard medical insurance typically excludes epidemics and pandemics, meaning victims of the disease will not be able to recoup coronavirus-related expenses. In Kenya, medical insurance remains a loss-making segment due to price undercutting, fraud and high hospital bills. Medical insurers’ underwriting loss doubled to Sh1 billion in 2018. The only way around would be to buy a new and more expensive add-on product called ''cancel-for-any-reason'' insurance.

Source: Daily Nation March 13, 2020 10:19 UTC