Kenya’s health insurance industry is growing fast though many people are still left out. Only three in every 100 Kenyans have a private health insurance cover, less than half the global average. While low income and limited awareness are part of the problem, we must urgently address a growing challenge – rising costs. The health industry in Kenya is struggling with soaring claims. The medical insurance loss ratio measuring how much insurers pay out in claims compared to what they collect in premiums, has consistently breached the global benchmark of 50 to 70 per cent. According to the Insurance Regulatory…