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{
    "id": 1159508,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1159508/?format=api",
    "text_counter": 195,
    "type": "speech",
    "speaker_name": "Mathioya, JP",
    "speaker_title": "Hon. Peter Kimaru",
    "speaker": {
        "id": 13427,
        "legal_name": "Peter Kimari Kihara",
        "slug": "peter-kimari-kihara-2"
    },
    "content": "The other issue is registration. Just like banks, insurance industry collects money. It pools resources from Kenyans to ensure risks can be managed at the right time. When they have losses, they can be managed. It is the pooling of resources that can lead to it being understood very clearly. We need to understand some risks can be enormous and need to be properly managed. We have insurance companies, agents, brokers, reinsurance companies and all these have institutions that manage what they do and what they need to do at the right time. We passed a law in this House last year to ensure that we can manage when premiums can be paid, when claims can be paid. All we need to do is to ensure that an organisation like this can come in to ensure that they make proper The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}