Question

Discuss the key shortcomings that may render the desire to offer quality service to the public by insurance company

Answer 1

1) lack of awareness of public about advantage of insurance.

2)lack of cushion for insurance company in any conditions of failure.

3) institutions weakness with the company and prevail of corrupt practices which make company high Risky.

4) source of finance are limited.

5) lack of access with people as much as possible due to lack of skilled employees and low wages of employees .

6) lack of believe between customer and insurance provider.

7) delay in legal process, while in any dispute scenario which increase cost of both parties.