L-R: Past President, Nigerian Council of Registered Insurance Brokers (NCRIB), Prince Babatunde Oguntade: Chairman, Lagos Area Committee (LAC) NCRIB, Mr. Olufemi Oduwole; Managing Director, Lasaco Assurance Plc, Ademoye Shobo; and past chairman, LAC, Ayodele Akande, during an event to unveil Lasaco Assurance’ six new insurance products to the brokers at its head office in Lagos recently
Lasaco Assurance Plc has officially introduced six new insurance products to the market after receiving regulatory approval from the National Insurance Commission (NAICOM).
The products were presented to insurance brokers during an event held at the company’s office, attended by members of the Nigerian Council of Registered Insurance Brokers (NCRIB) and leaders of the NCRIB Lagos Area Committee.
The event followed an earlier preliminary launch of the products.
Speaking at the event, the Managing Director of Lasaco Assurance Plc, Ademoye Shobo, said the introduction of the new products was part of the company’s strategy to deepen insurance penetration and provide innovative solutions tailored to the evolving needs of individuals and businesses.
The newly approved products are The Estate Plan, The Future Secure Plan, Comprehensive Plus Personal Belongings, Lasaco Safe Assets, Lasaco Flame Shield, and Lasaco Drive Safe.
According to the company, the products were designed to provide broader protection for customers, covering areas such as asset protection, property and fire risks, personal belongings, motor safety, and long-term financial security.
Shobo noted that Lasaco Assurance has a large pool of professionals committed to expanding insurance coverage in the country.
“What we want to do is contribute our own quota to deepening insurance penetration in the market,” he said.
He also commended insurance brokers for their role in expanding access to insurance and strengthening industry growth, noting that collaboration with brokers remains vital to increasing awareness and adoption of insurance products across the country.
Chairman of the Lagos Area Committee of the NCRIB, Mr. Olufemi Oduwole, welcomed the launch of the products and reaffirmed the council’s commitment to working with Lasaco Assurance to promote their adoption.
Former President of the NCRIB, Babatunde Oguntade, noted that about 70 per cent of insurance brokers in Nigeria are based in Lagos.
While assuring Lasaco Assurance of the brokers’ support, he said, “The products appear to address everyday demands of the economy, and we will support you.”
The Deputy Managing Director, Corporate Services, Lasaco Assurance, Mr. Rilwan Oshinusi, said the company remains committed to meeting the needs of the insuring public through innovative products and prompt claims settlement.
