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{
    "id": 1337320,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1337320/?format=api",
    "text_counter": 247,
    "type": "speech",
    "speaker_name": "Tinderet, UDA",
    "speaker_title": "Hon. Julius Melly",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I rise to support this amendment. I want to thank the Leader of the Majority Party and by extension the National Treasury for this wise and very important Bill. This Bill stabilises the whole fiduciary sector, and more specifically gives confidence to Kenyans because many of them have stopped taking insurance covers. The insurance sector within our country has gone too low to an extent that many Kenyans have opted to either depend on God or luck on certain issues. This is because the sector has had a lot of corruption and cartels. At times, there are no proper regulations and laws to rein in on individuals that have fleeced Kenyans. For instance, when an insured Kenyan gets an accident and goes to hospital for treatment, you will note that he is not considered for reimbursement even when he is insured in a proper manner. These problems facing the sector have led to lack of confidence in the sector and many Kenyans are avoiding it. The whole money market is stabilised by a strong insurance cover. Without a strong insurance cover, the motor, health, banking, agricultural and all the sectors of the economy suffer. This Bill seeks to steady the sector so as to ensure that everyone who has invested in 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."
}