Martin Deric Ngunjiri Wambugu

All parliamentary appearances

Entries 141 to 150 of 186.

• 14 Feb 2019 in National Assembly: Introduction of an index-based insurance is very important. The issue of structuring micro- insurance and giving it a platform and a structure is also very important. Of course, what seems to have been the fundamental objective was to reduce fraud. I stand as a minority listening to what the other speakers have been saying. I have quite a problem with the issue of brokers keeping premiums. There is a very big difference between an insurer and a broker. An insurer undertakes to compensate a client in case of loss. A broker sells or advises clients on the most appropriate policies ... view
• 14 Feb 2019 in National Assembly: have not received the premium. I think we are doing a great disservice to the insurance industry by passing a law like this. I think what we need to do is to create direct structures that indicate that this is the work of an insurance company. Their work is to undertake compensation for losses. This is the work of a brokerage firm. Brokerage company’s work is to advise. They get clients by giving the best advice. They do not make money by retaining premiums. The minute they retain premiums, they are hurting the insurance companies. They are weakening the insurance ... view
• 13 Feb 2019 in National Assembly: Thank you very much, Hon. Temporary Deputy Speaker. I also want to take this opportunity to wish my colleagues a happy new year as we begin this Session. I stand to support the Bill because it is trying to create a common institution that will ensure that all our vetting institutions are up to standard. view
• 13 Feb 2019 in National Assembly: From where I stand, we have had incidences and cases of products generated from this country going out to other countries and being deemed to be of below standard quality. Unfortunately, a lot of those products are vetted by some of our existing standardisation institutions. Part of the problem is that we do not have anywhere we can go to complain or check whether the institutions that are checking standards meet the standards to do their work. The Kenya Accreditation Service Bill seeks to ensure that first and foremost, we have a consistent The electronic version of the Official Hansard ... view
• 13 Feb 2019 in National Assembly: standard of determining that the institutions which are vetting our products meet the expectations of the market. view
• 13 Feb 2019 in National Assembly: The second benefit I see from this Bill is that we will go out into the international market with something that says that when you see this mark and kind of standard, then this product has passed the highest form of vetting and is of quality as per indications on its manuals. Part of the problem we have in a global market like the one we have is that our products compete with products from other countries. You can access and buy a product from any country on the internet. The problem is that we do not have a system ... view
• 13 Feb 2019 in National Assembly: Our country has some of the best technological expertise. We have some of the best service providers in terms of services and goods. What we lack is a process of legitimising the quality of our products. The institution that this Bill seeks to create will provide that particular missing link in the market so that moving forward, when I stand out and say that I offer this product, I will confirm that it is as good as any other product that is in the market. view
• 13 Feb 2019 in National Assembly: Hon. Temporary Deputy Speaker, I support the Bill. Thank you very much. view
• 15 Nov 2018 in National Assembly: Thank you, Hon. Temporary Deputy Chairman. I want to pick up from what Hon. Wanga has said. Basically, this is how I understand this proposed amendment. The Chair is telling us that he does not want us to change what already exists in the current law. If that is the case, then I am in a good place because the way it has come out, it looks like he is trying to change what is in the current amendment using the proposed amendment. But, if he wants it to remain the same, then I guess we are a bit more ... view
• 14 Nov 2018 in National Assembly: Thank you very much, Hon. Temporary Deputy Speaker. I stand to support this Bill primarily for one reason. We have created a habit of The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor. view