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 technology, the oversight agency has streamlined insurance premiums 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 validity 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 nearly 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.