Tag: Lasaco Assurance Plc

LASACO Assurance Plc has  boosted the cashless policy of the government with the introduction of online payment through Quickteller for its product and services, Managing Director of Lasaco Assurance Plc, Mr. Olusola Ladipo-Ajayi has said.

Ladipo-Ajayi, who made this known in Lagos, explained that the new payment regime is simplified as it entails customers logging on to website follow through a simple process to effect payment.

The new method is one of the strategies being put in place to ensure customers’ convenience thereby deepening the bond between the brand and its customers.

He said in line with the company’s desire to build on the achievement recorded last year, would focus more on its customers.

Lasaco Assurance Plc has reiterated its commitment to sustain the growth and good performance witnessed in the last fiscal year, the Group Managing Director, Mr. Olusola Ladipo-Ajayi has said.

Ladipo-Ajayi made this known to shareholders at the end of the company’s annual general meeting (AGM). He said the management is poised to build on the gains recorded in 2013 business year, adding that the company has perfected plans to invigorate its three-pronged growth strategy to ensure better performance.

He said: “Successes recorded in net profit, gross premium income, net premium earned, underwriting profit and other positive indicators are not accidental, but results of doggedness and strategic planning.

“Just imagine the level of hard work and team spirit the organisation enjoyed from its workforce to have moved from loss position of N180 million in 2012 to a profit position of N412 million in 2013 business year.

He said recapitalisation and expansion through the instrumentality of merging and acquisition, new-level branding and world-class quality certification and financial system rating, would be given critical attention in the fiscal year in order to sustain the gains already made.

Lasaco Assurance Plc was incorporated in December 1979 and started operation in August 1980.