As Nigeria’s insurance industry grapples with rising competition, changing customer expectations, and tighter regulatory requirements, insurance companies are increasingly repositioning to remain relevant and resilient. Lasaco Assurance Plc has outlined a clear strategic direction aimed at strengthening its market position, improving execution, and delivering greater value to customers.
The strategic direction was unveiled during the company’s recent staff retreat, where management engaged employees on Lasaco’s priorities for the coming years and the need to reinforce operations, innovation, and service delivery in a rapidly evolving insurance landscape.
Speaking at the retreat, the Acting Managing Director, Mr. Ademoye Shobo, said the company’s strategy will focus on modernising operations, accelerating digital adoption across service delivery, and developing insurance products better aligned with the realities of today’s customers. He noted that these priorities are critical to improving accessibility, boosting performance, and positioning Lasaco Assurance for long-term competitiveness within the sector.
Also addressing staff, the Deputy Managing Director, Mr. Rilwan Oshinusi, emphasised the importance of strong execution, collaboration, and disciplined implementation in translating strategic plans into measurable results. He stressed that success would depend on the collective commitment of employees to deliver on the company’s vision.
Guided by this leadership direction, Lasaco Assurance Plc is enhancing its capacity to deliver simpler processes, more responsive service channels, and improved customer experiences. The company says these efforts are designed to better meet the evolving needs of policyholders and strengthen its standing in Nigeria’s increasingly competitive insurance market.
