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{
    "id": 394267,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/394267/?format=api",
    "text_counter": 354,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Gathecha",
    "speaker_title": "",
    "speaker": {
        "id": 652,
        "legal_name": "Annah Nyokabi Gathecha",
        "slug": "annah-nyokabi-gathecha"
    },
    "content": "Thank you, hon. Temporary Deputy Speaker for allowing me this opportunity. I would like to also thank the Chairman for giving me this one minute. I would like to support these amendments to the insurance law. As we all know, insurance is vital and important to the economy of Kenya and that of any developing country. If you look at the number of people employed in the insurance industry and the bit that is distributed in the insurance industry when individuals take up insurance, it distributes the relative risk that is involved in their undertaking in business. This allows companies and organizations to start their business knowing that they will not go under because there is some sort of support behind them. Should a catastrophe occur, they will have the assurance. Insurance should be made affordable to everybody. When we allow the risk to be distributed evenly and over a larger area, we will be able to protect very many industries and allow many more business to enter into the economy and make a difference with regard to the development of this country which is essential. We know that there are many young people who remain unemployed and they cannot be absorbed in Government or other jobs. They need to enter into business where they will be employed by other business people or companies. They could also start their own companies. Thank you and I support."
}