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{
    "id": 579098,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/579098/?format=api",
    "text_counter": 179,
    "type": "speech",
    "speaker_name": "Hon. Nyamweya",
    "speaker_title": "",
    "speaker": {
        "id": 391,
        "legal_name": "Manson Oyongo Nyamweya",
        "slug": "manson-nyamweya"
    },
    "content": "I have a problem with the Insurance Act increasing the amount. The problem is not the capital, but is the management of what is happening in the insurance industry; what people call ambulance chasers, namely people who make false claims. This is where the problem is. The problem is not the capital. The problem is fraud, which needs to be addressed, so that people are able to start businesses and grow them. If the issues of corruption and fraud are addressed--- You do not solve the issues of fraud and corruption by increasing the amount of insurance capital when we know where the problem is. The problem is not there, it is elsewhere. We need to address the problem and come up with a better legislative framework, which can address issues where people make claims for people who have not died in vehicular accidents. Those are the problems that the insurance industry is facing. It is an issue. Let us be more practical as we approach this. The Bill is very scanty. The Excise Duty is missing here. It does not give us an overview of whether we are going to get the money which is required. With those few remarks, I support. We anticipate that as we move on to the Committee Stage, we will ask for proper amendments, so that we pass an Act which serves everybody and not just individuals like this issue of---"
}