CHALLENGES OF RECAPITALIZATION UNDER NIIRA 2025 ON LIFE ASSURANCE PRODUCT INNOVATION: A CASE STUDY OF NEM INSURANCE PLC CHAPTER ONE INTRODUCTION 1.1 Background of the Study The Nigerian insurance industry continues to grapple with structural weaknesses that limit its contribution to economic stability and financial inclusion. In 2025, insurance penetration remains stubbornly low at 0.5% […]