Climate change is becoming an increasing concern for insurers, particularly regarding its impact on human health and longevity. While much of the focus has been on physical damages such as property and crop losses, the effects of climate change on human mortality and morbidity are now garnering attention. In Kenya, extreme weather events like prolonged droughts, heatwaves, and erratic rainfall patterns have raised alarms about the growing risks to public health. The health risks tied to a changing climate are becoming more evident, and insurers need to adapt their strategies to address these new challenges.
The effects of climate change on human health are already visible in Kenya. Rising temperatures, droughts, and flooding have taken a toll on people’s health. Prolonged droughts, for instance, have resulted in water and food scarcity, leaving millions vulnerable to dehydration and malnutrition. These climate events strain the healthcare system, particularly in rural areas, where access to medical services is often limited. Hospitals are overwhelmed during these crises, and many people are unable to get the treatment they need. The impact on health is compounded by the increasing frequency of extreme weather events, which also disrupt vital health services.
As climate change intensifies, life and health insurers in Kenya must begin to focus more on the human health impacts associated with these changes. Insurers need to assess the risks climate change poses to human health and longevity. This involves tracking metrics related to climate-induced illnesses, mental health concerns, and the increased demand for healthcare during extreme weather events. Collaboration with global organizations, such as the Intergovernmental Panel on Climate Change (IPCC), can help insurers understand future scenarios and model the potential impacts of climate change on their business operations.
While the risks associated with climate change may seem daunting, there are opportunities for insurers to grow by addressing these emerging challenges. In Kenya, there is a growing demand for health insurance products that account for climate-related risks. This includes coverage for heat-related illnesses, the mental health impacts of climate trauma, and policies that provide access to healthcare in the wake of natural disasters. Additionally, new technologies like sensors and wearables, which track environmental conditions and provide early warnings about heat stress and air quality, can help insurers offer better protection to their policyholders.
Partnerships with governments, NGOs, and health organizations are also vital in raising awareness of the health risks posed by climate change. These collaborations can help inform the public about the importance of preparing for climate-related health issues and how insurance can mitigate these risks. Insurers can work closely with agents and brokers to offer tailored advice to customers, ensuring they understand the climate risks to their health and how insurance can help them navigate these challenges.
As climate change continues to escalate, insurers in Kenya must broaden their focus beyond physical property risks and address the multidimensional health impacts that are emerging. By preparing for these challenges and understanding the risks, insurers can offer products and services that are relevant to the changing climate. In doing so, they can not only protect their business but also contribute to the resilience and well-being of communities as they face the growing challenges posed by climate change.
