Answer to Question #124137 in Other for Derrick Amponsah

Question #124137
For the past three years, the financial sector of Ghana has experienced some form of reinventions. These reforms were so comprehensive that, the insurance subsector was not ignored. Leveraging on technology, the oversight agency has streamlined insurance premium for all insurance companies. This implies, the costs of premium have been standardized to nib in the bud the idea of an entity charging below/above the approved rate. This move it is understood will give law enforcement agencies like the Police an easy way to check on the validly of motor insurance using the platforms provided by TELCOS on a USSD code. Experts have argued that the move is in the right direction and that the only way insurance companies can increase their customer base is by rendering a near impeccable service to the public. As a student of Finance, discuss the key shortcomings that may render the desire to offer quality services to the public by these insurance companies an impossibility.
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Expert's answer
2020-06-26T08:43:55-0400
Dear Derrick Amponsah, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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