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{
    "id": 1521395,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1521395/?format=api",
    "text_counter": 276,
    "type": "speech",
    "speaker_name": "Kesses, UDA",
    "speaker_title": "Hon. Julius Rutto",
    "speaker": null,
    "content": "The other issue is that during public participation, we had concerns from the sector where they felt threatened that we were probably taking away the roles or functions they have been playing. An example is the Kenya College of Insurance. They fear that establishing an examination body will take away their role. No, this Bill does not create an institution or a college. Instead, it will establish a board that will sit down, define, and design the standard training and examinations that the same colleges— the Kenya College of Insurance and Kenya College of Accountants and any other institution, including private colleges—can offer. The examination will be set for every practitioner across the board within the country and, who knows, even outside the country. I know that KASNEB trains accountants from South Sudan, Uganda, and sometimes even Tanzania, and we subscribe to it in the same formation. The other issue is the concern of the people who have been in the sector for quite some time. There is a worry about how the transition will be now that this sector is being organised. During implementation, we also need to be cognizant of the people who have developed the interest for quite some time, although they do not know what they are going to do. We have a soft way of adopting them into the system through training and giving them that opportunity because of being there for some time. Now that you will regulate the sector, you cannot have those people moving out of the market. My concern is for the implementers to provide a proper transition mechanism so that those already in this sector are adopted and onboarded in a manner that allows them to move forward smoothly. Nonetheless, I am sure it will provide a better mechanism to sieve out those who have been lying to the people and those who have been camouflaging as insurers and have not gone through training. May I not mention anybody, but we saw some people giving names of people qualified for a given profession the other day. But we saw an institution coming out strongly saying: Look at this, we are not aware in our roll of register that so and so has been trained, has been qualified and has duly earned the title given or that is reserved to professionals for this name. We saw everything change because if we are not careful, this market will get confused and, in the future, we will have no people to be relied upon. I am calling upon this... It is not only in the insurance sector but also in many other professions. We need to look at them. I am also proposing a Bill to ensure we also standardise the banking sector. We should also standardise the procurement sector because this is another area we have been looking at with many challenges regarding procurement corruption. We need to organise it. With that, Hon. Temporary Speaker, thank you so much."
}