The National Insurance Commission of Ghana in a recent stakeholder meeting has decided to create an industry-wide database. All general insurance companies in the country are required to supply quarterly data on business volumes and claims development at a specified level of granularity and using standardised data definitions. Data must be submitted within one month of each quarter end. All insurers will be able to read all of the data in the database. Discuss the potential benefits of the database to the Ghanaian insurance market and problems that the insurers may experience as a result of this initiative

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