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{
    "id": 736141,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/736141/?format=api",
    "text_counter": 96,
    "type": "speech",
    "speaker_name": "Hon. Nakara",
    "speaker_title": "",
    "speaker": {
        "id": 2926,
        "legal_name": "John Lodepe Nakara",
        "slug": "john-lodepe-nakara"
    },
    "content": "Thank you, Hon. Speaker, for giving me an opportunity. At the outset, I support this Bill. As my colleagues have said, it has come to our attention that IRA has done good. I have seen on television that Authority educating people concerning insurance in this country. The problem we have in this country is that although many people have insured with many companies, they are not educated on how they can claim their dues. They have not been educated on where to pick their dues. Having that Authority is a way through which many people can access their dues from many insurance companies. One of the things that made me support this Bill is that the capital of starting an insurance company has been raised. That requirement can control many people who want to flock this business so that they can reap from wananchi . It has made people to think twice. Sometimes back, there were many insurance companies in this country and they were there just to freeze money from wananchi . They were briefcase insurance companies. By raising capital requirement to start an insurance company, it has given some order in starting an insurance company in this country. On the issue of monitoring, we need IRA to monitor those insurance companies to the level of the county. There are some insurance companies in the county levels which are getting funds from the people without a clear picture and without licences. This Bill says that the licences of those companies can be revoked by the Authority. So, we need to encourage it to go to the county level so as to help the people know their rights with insurance companies. Finally, on the issue of livestock insurance, there is a company that was launched by the President in our county two months ago. That company needs to go back to the county during this time because we have lost many livestock. It has happened especially during this season of rains in Turkana. We need that insurance company to go to Turkana County and compensate the people who have lost many livestock. When the President was there, he launched it. But since then, we have never seen them on the ground. We need that Authority to encourage insurance companies to go to the county level so that the people can access their services at the grassroots level. Finally, we want the Jubilee Government to make sure that they make follow-ups whenever they make any promises to wananchi . The promise of insuring all livestock in Kenya was done in our country. Up to now, we have not seen any pastoralists being compensated for their livestock that has died during this rainy season. With those few remark, Hon. Speaker, I support the Bill. Thank you."
}