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{
    "id": 465311,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/465311/?format=api",
    "text_counter": 270,
    "type": "speech",
    "speaker_name": "Hon. S.S. Ahmed",
    "speaker_title": "",
    "speaker": {
        "id": 140,
        "legal_name": "Ahmed Shakeel Shabbir Ahmed",
        "slug": "shakeel-shabbir"
    },
    "content": "As the Chairman of the Committee and the Leader of the Majority Party has said, this Bill seeks to update the principal Act, Cap. 487; which is very old. Insurance companies in Kenya are very few. Therefore, they have been monopolising the insurance business. Only lately, there have been other insurance companies that have been coming up. However, many of those companies that have come up have gone under because they have not been properly constituted, and have not been able to serve the requirements of the insurance business."
}