Insurance has many benefits, not just compensation

AAR Insurance Kenya Human Resource Partner Peter Gakinya donates blood during a donation drive organized by the company in partnership with the Texas Cancer Centre. [Jenipher Wachie, Standard]

Health, economic, and social catastrophes, including Covid-19 expose the vulnerability of individuals, families, businesses, economies and nations to unforeseen risks.

On a positive note, more people now acknowledge the benefits of insurance when faced with such adversities. A recent survey by the Geneva Association, a global think-tank, shows that 40 per cent of retail customers consider their health and health insurance more since the onset of Covid-19.