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LASACO assures shareholders of improved returns


LASACO Assurance Plc has assured its shareholders of improved returns on investment in its 2022 financial year. The underwriting firm promised to sustain the tradition of paying genuine claims as and when due.

The Managing Director and Chief Executive Officer, Razzaq Abiodun, LASACO Assurance Plc made this assurance while speaking at the 2022 end of the year/grand gala party in Ikeja, Lagos.

He noted that the firm excelled despite the turbulent and harsh operating environment.

In a statement, he said “The business environment has been challenging, coming from the backdrop of COVID- 19 and inflation that is already affecting how Nigerians prioritiSe their needs.

“Inflation has grown over 20 per cent but notwithstanding; we have been able to wax even stronger because as far as insurance is concerned, there are advantages and opportunities in every challenge.”

In terms of gross premium, he said, the company had been growing for years.

The company’s Chairperson, Mrs Maria Phillips, who was represented by an independent Non-Executive Director, r. Sani Ndanusa, said the company had upped its game with many projections put together to improve the firm’s performance.

He said, “LASACO Assurance has come a very long way in the last 40 years and today, we are among the top insurers in the insurance industry. We abide by the ethics and professionalism of the business. We don’t take our corporate social responsibility for granted.

“We have a good working environment and we have satisfied our shareholders, customers, and board alike, going by their testimonies at this event.”



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