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{
    "id": 1159437,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1159437/?format=api",
    "text_counter": 124,
    "type": "speech",
    "speaker_name": "Mumias East, JP",
    "speaker_title": "Hon. Benjamin Washiali",
    "speaker": {
        "id": 151,
        "legal_name": "Benjamin Jomo Washiali",
        "slug": "benjamin-washiali"
    },
    "content": "The Insurance Professionals Registration Bill details provisions that are geared towards improving the insurance sector ecosystem. These changes include the establishment of the examination board that will aid in raising the insurance penetration levels, which have remained low globally. Acknowledging that at 3 per cent, Kenya has the lowest insurance penetration rate in sub-Saharan Africa, with South Africa leading at 17 per cent, this is due to most of Kenya’s population perceiving insurance as “nice to have, easy to discard” product rather than one that is essential."
}