1 Oct 2013 in National Assembly:
This Bill is actually strengthening the settlement of claims in two ways: One, in strengthening the Insurance Regulatory Authority (IRA) to make sure that they vet management of the insurance companies. Secondly, this actually enhances the performance of the insurance companies and gives confidence to the people in terms of compensation. Hon. Temporary Deputy Speaker, Sir, insurance companies normally produce books in four months and this is where the issue of relevance comes in. The purpose of producing books, other than helping management in decision making, helps the insurance companies assess the level of premiums and also give compensation at ...
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1 Oct 2013 in National Assembly:
The Bill is proposing that we make the premiums charged in East Africa uniform because currently they are different for different countries in East Africa. I want to say that we need to avoid any wrangles in East Africa. We need the insurance industry in East Africa to sit down and share notes so that we move together. This will ensure that we do not point fingers at anybody or a certain country is not moving this way whereas Kenya is moving this way.
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1 Oct 2013 in National Assembly:
I propose that as we approve the amendments, we look at what the other countries are doing. We need to have a consultative forum so that we move together as East Africa brothers.
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1 Oct 2013 in National Assembly:
Hon. Temporary Deputy Speaker, Sir, we have many things to do in this country. We have had many people lose their relatives and assets through motorcycle business popularly known in this country as boda boda . Why is this the case? It is because we do not have information. Most people do not have information on the importance of insurance.
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1 Oct 2013 in National Assembly:
Many people buy motorcycles, put them on the road without insurance covers and leave them with riders who have no driving licence. They do not even have Third Party insurance cover. So, we need to see how we can move forward and how we can inform our people because information is power. We need to educate people on the importance 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.
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1 Oct 2013 in National Assembly:
of taking insurance cover. We have to tell them that the only way we can grow in this country is to be our brothers’ keeper.
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1 Oct 2013 in National Assembly:
I remember one time when people were being educated on the importance of taking medical cover, they asked what will happen if they do not fall sick. They need to be told that when they are not sick, they should thank God because he has actually sustained their lives. There are very many people who use that fund. So many people in this country are not informed. They do not even understand why we take insurance cover. We need to look for a way in which we can revamp the Insurance Act so that our people are not compelled but ...
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1 Oct 2013 in National Assembly:
I remember one time in my constituency in a place called “Kipchir Centre”, a whole line of shops got burnt and when we talked to the people in that centre about insurance, they wondered what insurance was all about. This was the case and yet they had lost millions of shillings. So, I want to encourage people to take insurance cover, there will be advantage of numbers and the premiums will come down.
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1 Oct 2013 in National Assembly:
Hon. Temporary Deputy Speaker, with these few remarks, I beg to support.
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26 Sep 2013 in National Assembly:
Thank you, hon. Temporary Deputy Speaker. I also support this Motion first because the farmers in this country are really suffering, including dairy 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.
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