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{
    "id": 1159549,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1159549/?format=api",
    "text_counter": 236,
    "type": "speech",
    "speaker_name": "Nyaribari Chache, JP",
    "speaker_title": "Hon. Richard Tong’i",
    "speaker": {
        "id": 2611,
        "legal_name": "Richard Nyagaka Tongi",
        "slug": "richard-nyagaka-tongi"
    },
    "content": " Hon. Temporary Deputy Speaker, I agree with 100 per cent with my colleagues who have spoken ahead of me. In my life of service, I have had an opportunity of working in the insurance industry; and pretty know the impact of the insurance industry to the economy. If you look at developed countries, they have succeeded because their insurance industries are very strong. The average insurance taker usage in Kenya is about 2 per cent which is a minimal number compared to the potential out there. That is why this Bill is going to help a lot. We are grateful that Hon. Washiali had a foresight to see opportunities of creating employment for the youth so that they can also have a chance to work and serve Kenyans. The biggest challenge we have in this Government and the ones to come, is unemployment. One way of ensuring that there are viable employment opportunities is by ensuring that we have a working insurance sector which is well regulated. Where a customer has paid premium, the premium should be as good as law. Whenever an incident occurs, one should be assured of compensation. Because I can see my colleagues also want to contribute to this Bill, although I had so much to say about the insurance industry because it is one of my first employers when I came from university—AAR was a great company; they gave me an opportunity, followed by a resolution on health. I am grateful that finally we have an opportunity to professionalise the sector so that our young people will have a chance to work and serve Kenyans well. I support."
}