Micro insurance is a better way to go governor has said

Baringo County Governor Hon. Benjamin Cheboi has today encouraged insurance companies to focus on micro-insurance during a graduation ceremony held at Kanu grounds, Kabarnet.
Hon. Cheboi while addressing Graduates of Insurance Champions and Executive Certificate of Proficiency holders in insurance (ECOP) in Baringo county said that micro insurance is a wise way to serve small businesses who have low income.
“People who operate small business such as mechanic and those in ‘jua kali’ sector can manage to buy food than insurance which is cheaper compared to food,” Hon. Cheboi reiterated.
Hon. Cheboi further advised the insurance companies to lower the minimum payment as low as 150 shillings to encourage small business operators.
The governor added that through insurance unemployment can be solved as it is an area which has not been exploited fully in the County and is still new to most residence.
“Unemployment is there for those who are not aggressive to seize the available opportunities as insurance is still a virgin area,” Hon. Cheboi added.
Hon. Cheboi urged the residence in Baringo County to join insurance companies in order to venture in large scale businesses without fear of encountering loss in the process due to risks associated with the business.
The governor is grateful for the insurance cover initiated by the government in the County to cover cattle against the risk of drought as a way of enabling pastoralists to keep more livestock without fear of losing them on the event of risk occurrence.
“More businesses to insure mean, more businesses to people and when there is more to insure then there is more to earn,” Hon. Cheboi noted.
Hon. Cheboi advised insurance companies to train public servants such as chiefs and administrators as a way of reaching out to local citizens as they are the ones who interact one on one with them most.

Governor Cheboi lauded Insurance Regulation Authority (IRA) who sponsored the programme saying that the initiative will change the perception on insurance in the County as people will be educated and be able to participate in building the industry.