Most insurers enter into annual contracts with customers but the environment under the coronavirus pandemic has seen risks change significantly as well as incomes. It is for the same reason that such businesses and workers are seeking a review of their insurance contracts, Kipng’etich said. Insurance provide cover for exposure that can be projected unlike pandemics which would be addressed by the individual or their governments. Insurers, Kipng’etich says, would cover up to testing and only until confirmation that the insured is positive for coronavirus. Besides the pandemic, Kipngetich told Financial Standard, that country’s medical costs were unfairly high and called for urgent interventions to cushion the population from exploitative nuances by providers.

Source: Standard Digital May 05, 2020 10:30 UTC