Author: Kajuju Murori

While insurers have been able to absorb the underwriting impacts of large loss events such as COVID-19, the impact on insurance companies’ profitability is still uncertain. 

This is according to a recent report by Deloitte, which states that despite the efforts put in place by governments to cushion the public from the adverse economic effects of the pandemic, the outlook on long-term impacts and recovery from the pandemic is still uncertain as it will take time for businesses to recover.  

“With stock markets showing declines in performance and flattening yield curves, insurers are set to experience poor performance in their investments and this will flow through to their bottom line results.”  …

The continuous spread of the COVID-19 pandemic across the world means that people’s ability to access safe and nutritious diets is at risk, further leading to an even wider global health crisis of the century. 

Coronavirus has disrupted production, transportation, storage and sale of food and food items. Consequently, hunger and malnutrition levels have increased considerably especially because of the virus, even though many were already struggling with these issues prior to the pandemic.  

According to a 2019 report, The State of Food Security and Nutrition in the World, over the past three years, the number of those suffering world hunger has been growing, only reflecting levels that were recorded almost a decade ago. 

Also Read: Desert locusts , if not contained pose a threat to EAC’s food security; FAO

The report concludes that: “Hunger is on the rise in almost all African sub–regions, making …