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"id": 1159511,
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"type": "speech",
"speaker_name": "Mathioya, JP",
"speaker_title": "Hon. Peter Kimaru",
"speaker": {
"id": 13427,
"legal_name": "Peter Kimari Kihara",
"slug": "peter-kimari-kihara-2"
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"content": "The other function that needs to be strengthened – I support Washiali on this is penetration of the insurance covers. The penetration of insurance covers in this country is very low. It is currently at around 6 per cent. How can we ensure that Kenyans know the products that are available particularly products that will help them in terms of saving for the future? There are products that are very important. If you go to South Africa, for instance, more of their population take life covers than the general covers. In Kenya, it is the reverse. We have people wanting to insure their products than insuring themselves. So, we need to ensure that Kenyans understand the need to save for their own good in the future. That is something that needs to be looked at, Hon. Washiali."
}