Staco Optimistic Insurance Industry Will Soar Higher

Staco Insurance Plc said it is optimistic that the insurance industry will soar higher in 2024 having survived the turbulent operating environment in 2023.

The managing director/CEO of the insurance firm, Dr. Wale Banmore, in his New Year message to its staff, customers, shareholders and other stakeholders, envisaged that the increased productivity and value expected from the industry will equally rub off on the company.

Promising that the company will assume top spot in the insurance sector in the current year, after it successfully tested its capabilities in terms of its capacity to meet industry, customers and regulatory expectations in 2023 and excel in all.

Disclosing that there were several pitfalls in the course of the firm’s daily business, he added that Staco, however, met grace and favour at different points of contact on the daily journey of pursuing production and collections while selling its services.

Applauding the company’s board of directors, who went beyond their normal functions through physical interventions and constructive advices for the firm to navigate some difficult spots in the recovery path, he commended the management and staff of the firm, urging them to build on the successes of the previous year to excel further in the current year.