Insurance companies are introducing new products and retail-focused offerings after completing a recapitalisation exercise. This development is driven by operators seeking to utilize new capital, increase market share, and improve insurance penetration.

The recapitalisation exercise has fueled competition, prompting companies to innovate and expand their product lines. Further details about the new products and the impact of recapitalisation on the industry are available.

More information can be found through Nairametrics, which reported on the insurance companies' efforts to deploy fresh capital and deepen market presence.