The rating agency, GCR has rated Lasaco Assurance Plc A(NG) for stable outlook in the latest ranking of insurance and financial products providers in the country.
This rating came following its positive contributions to the development of the Nigerian insurance industry.
GCR, in its 2022 ranking, found Lasaco Assurance Plc worthy of commendation for its creativity and strict adherence to standards.
Lasaco came tops for its ‘strong financial strength and competitive position on improved financial profile’ which cumulatively showed that its 2022 performance outlook was stable.
LASACO’s latest rating confirmed the relevance and appropriateness of the reform programmes which the company embarked on to keep it fit for the 21st century corporate performance and customer-oriented business strategy.
GCR is an international rating agency with bias in credit ratings, including financial strength ratings and structured financial ratings.