Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 736144,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/736144/?format=api",
    "text_counter": 99,
    "type": "speech",
    "speaker_name": "Hon. Onyura",
    "speaker_title": "",
    "speaker": {
        "id": 12833,
        "legal_name": "Michael Aringo Onyura",
        "slug": "michael-aringo-onyura"
    },
    "content": "effectiveness of insurance services in this country. We support that although, generally speaking, the area of insurance is not an area that is very well understood by majority of Kenyans; other than, perhaps, the motor vehicle insurance. This is common and, perhaps, it is known much more because it is compulsory. Other areas of insurance are rather not well known. It is therefore an area that calls for a lot of education and I appreciate that. I have noted that the Insurance Regulatory Authority has been making very good attempts to educate us through the media not only on its role, but also on the operations of the insurance. I would like to encourage that, that be continued and even more, be made wider even within our education institutions, so that our population can be able to understand a bit more comprehensively what the role of insurance is and how we can participate. Hon. Speaker, it is also good to see that this amendment provides for proper emphasis on proper registration and acquisition of licences. It has also enhanced penalty for any insurance company that operates without a licence. That is part of regularizing and making sure that we have genuine and recognized operators in this industry. As part of that education, insurance rarely succeeds based on faith and trust. I know there have been cases where, as they say, the devil is in the detail - the small letters. People take insurance covers having been taken through a very rosy picture by salespeople and brokers only to be disappointed when there is a problem and they put in their claims. I am also aware that, indeed, some insurance companies, due to certain loopholes, have also suffered losses arising from fake claims, cheating and collusion. I hope that wherever this is detected, such loopholes can be closed. I have also noted that there is a section that calls for high accountability from the directors and management of such insurance companies, as well as shareholders. When you look at the medical insurance which is another key sector, I would wish to see that our insurance companies address this so that it can be rolled out to the wide public as much as possible and particularly here, I think NHIF can play a very good role in widening its services and, perhaps, going towards universal healthcare. Also, I think the proposal or the move to insure livestock and other agricultural operations is a good way to go because there are many times when our farmers put in a lot of investment but, due to major vagaries of nature, they incur large losses. I am sure if they are assisted to tap into such insurance covers, this will very much help mitigate the losses suffered by such farmers. Also, somebody may have said it in quest. I look forward to some insurance coming up one of these days to insure losses against elections and the unpredictability in politics. Thank you for giving me the opportunity to support the Bill."
}