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{
    "id": 465384,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/465384/?format=api",
    "text_counter": 343,
    "type": "speech",
    "speaker_name": "Hon. Kimaru",
    "speaker_title": "",
    "speaker": {
        "id": 2072,
        "legal_name": "Anthony Mutahi Kimaru",
        "slug": "anthony-mutahi-kimaru"
    },
    "content": "Thank you, hon. Temporary Deputy Speaker. Maybe, I am not as loud as they are. I was saying that insurance is very important in both commercial and ordinary lives. It cannot be gainsaid how important insurance is, for example, in life and business insurance. When insurance is not run properly, many people lose out on their lifetime savings and the gains that they would have had, if insurance worked properly. For a long time, our insurance industry was a rogue industry that was unregulated, unreliable and which could not be depended upon to deliver what it was supposed to deliver. I am glad that in the recent past, we have seen better management and better reliability in this particular industry. I would like to thank the Mover of this amendment Bill because he is trying to further streamline the insurance industry to make it more reliable. Hon. Temporary Deputy Speaker, it has been said before that many Kenyans do not take insurance covers because the insurance industry in this country has not been reliable. Everybody in Kenyan should really be able to take a medical insurance cover but not many people have bothered to do so, maybe, out of ignorance or because of the history that we have had. It is pathetic that for most insurance companies in this country, once they have claims streaming in, they wind up. I have cases of people who served in the Kenya Defence Forces (KDF) some 20 years ago, whose dependants are still waiting to be compensated. These are cases of people who died. Others were involved in accidents. Every time they try to get compensated, they are told that the companies wound up. It is, indeed, the responsibility of the companies who issued the insurance policies to ensure that these people are paid. 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."
}