The products were showcased to insurance brokers at an event held at Lasaco’s headquarters, attended by members of the Nigerian Council of Registered Insurance Brokers (NCRIB) and officials from the NCRIB Lagos Area Committee. The formal unveiling follows an earlier preliminary introduction of the products to select stakeholders.
The Managing Director of Lasaco Assurance, Ademoye Shobo, described the initiative as part of the company’s strategic push to provide innovative solutions tailored for both individuals and businesses.
“The introduction of these products reflects our commitment to deepening insurance penetration and offering solutions that respond to the changing demands of the market,” Shobo said.
The newly approved products include 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 are designed to offer broader protection across key areas such as asset protection, property and fire risks, personal belongings, motor safety, and long-term financial security.
Shobo emphasized the company’s professional capacity, highlighting its large pool of insurance specialists dedicated to expanding coverage nationwide. He also acknowledged the critical role of brokers in extending access to insurance, noting that collaborative efforts remain essential to raising awareness and driving adoption across the country.
Mr. Olufemi Oduwole, Chairman of the NCRIB Lagos Area Committee, welcomed the launch and reaffirmed the council’s readiness to work with Lasaco Assurance to promote uptake of the new offerings. Babatunde Oguntade, former President of NCRIB, observed that nearly 70% of Nigeria’s insurance brokers are based in Lagos and assured Lasaco of the brokers’ support, stating that the products “appear to address everyday demands of the economy.”
Meanwhile, Rilwan Oshinusi, Deputy Managing Director of Corporate Services at Lasaco Assurance, reiterated the company’s dedication to serving the insuring public through innovative solutions and prompt claims settlement.
The launch underscores Lasaco Assurance’s ongoing efforts to strengthen the country’s insurance ecosystem while addressing the evolving risk and financial planning needs of Nigerians.