For instance, underwriting firms venturing into the hitherto considered high profile risks like, aviation; oil and gas; large industrial fire risks, etc. instead of ceding all the risks to more capital and technically competent firms abroad. Second, with the new capital at their disposal, it was the expectations of all stakeholders in the insurance industry; that insurance management would have enough funds to carry out research, market development and repositioning their firms for better image and reputation to attract more patronage.