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{
    "id": 1337255,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1337255/?format=api",
    "text_counter": 182,
    "type": "speech",
    "speaker_name": "Kitui South, JP",
    "speaker_title": "Hon. (Dr) Rachael Nyamai",
    "speaker": {
        "id": 13374,
        "legal_name": "Richard Ken Chonga Kiti",
        "slug": "richard-ken-chonga-kiti"
    },
    "content": " Thank you very much, Hon. Temporary Speaker, for giving me this opportunity. First, I thank the Leader of the Majority Party and the Committee for the way they have moved this Bill and the explanation they have given. They clearly indicate the importance of this Bill. I have taken time to look at the Bill. Although it may look very short, it is extremely important. It brings accountability within the insurance sector. It ensures there is responsibility in this profession. Therefore, I support this Bill from the outset. When insurance companies and the brokers that work for them sell these insurance policies to Kenyans, they do it very well. They use very well-trained salesmen and saleswomen who are very good-looking too. They easily convince people to buy insurance policies. The problem comes when a person gets into trouble. Let us say you have been involved in an accident, your house catches fire, or someone who had life insurance cover has passed on. You will realise that the person who purchased the cover may not even know the exact insurance company to go to because they may have used a broker. It becomes very difficult to reach the broker to reach the insurance company itself. I have looked at the most important clauses inserted to ensure the commissioner can ask for information about insurance companies or brokerage firms and later get to the company itself. It is for responsibility and making payment claims. The clauses say that the authority will ensure reports presented are accurate so that we do not have insurance companies pretending to be big and making billions in profit yet the reality of their books and how much they are making is not much. This usually happens when there are many people making claims; claims which may not be honoured. The Bill also makes sure that the documents presented are clearly justified and that shareholders of these companies are accountable so that they do not say that they are brokerage companies and not insurance companies. I support this Bill and thank the Committee for ensuring Kenyans are protected. Most Kenyans who purchase these policies may not be well educated. Even if someone is well educated like yourself or myself, we may not have the language used by people in this sector. When these amendments pass to become law, all of us will be protected in one way or another. It might also be very important to talk about the cost of insurance. We have too many young people riding bodabodas in this country. Some of them take group covers. Some may not even understand how to follow up on these group covers. They should be properly educated, trained or told what these group covers are all about so that they are able to follow up their claims when they fall victim to accidents. 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."
}