Lasaco Assurance maintains stable outlook ‘A’ Rating

By Cynthia Ezekwe.

Lasaco Assurance, an insurance and financial services company in Nigeria, has maintained the A(NG) performance rating Credit Rating (GCR)  in the latest ranking of the risk bearing industry.

The underwriting firm, which hit the ‘stable outlook’ standard in the last performance assessment of the  rating agency, maintained the  feat through prompt claims payment, innovation. professional discipline, and  customer relations,Business A.M gathered.

According to the insurer, the recent  feat signifies the company’s effective management of its financial resources, competitive position, and improved financial profile, making it a force to reckon with in the industry.

 It placed the company at the top echelon of the claim underwriting business in the country as it reflects the company’s effective management of its financial resources and competitive professional muscle.

Lasoco stressed that the stable outlook reflects  the company’s creativity and commitment to long-term growth and sustainability, providing reassurance to investors, stakeholders, and customers.

The company has also prioritised its claims settlement to customers and made significant progress in enhancing its financial performance.