February 28, 2014 | posted in: News & Events | by

On behalf of the Board and Management of LASACO Assurance Plc, we are pleased to announce that the Standards Organization of Nigeria (SON) has provided independent confirmation that LASACO has met the requirements of the ISO 9001:2008 certification. This makes us the first insurance company in Nigeria to be so certified.

By this certification, our company has been adjudged to meet the needs of customers and other stakeholders, including all statutory and regulatory requirements applicable to our operations. These standards are universally regarded as International best practices and are published by the International Organization for Standardization (ISO). It is administered locally by the SON. Simply put, our company is committed to the method and model of quality prescribed by the standards.

The ISO 9001:2008 deals with the fundamentals of Quality Management Systems. The certification is a powerful marketing tool because it places high priority on customer needs. It is expected to lead to superior operational performance required from companies operating in the international domain, especially when one of our main areas of operations is the Oil and Gas Insurance as well as other Special Risks. Apart from our leadership of some and participation in all other oil and gas insurance programmes, we led 23 other insurance companies to provide space insurance for the last three satelites launched by Nigeria in year 2011. We also provide cover for regional organizations like Economic Community of West African States (ECOWAS).

The audit process has also helped us to revamp our internal procedures which has resulted in improved company and product quality, improved efficiency and decreasing waste. This is in line with our vision to create, sustain (and continually improve) an exceptional brand, which provides long term value for Stakeholders.

The process of developing a company/professional culture started in year 2005 when we embarked on the Transformation and Growth Strategy.

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