LASACO Assurance plc has reassured its teeming clients within and outside the country of its strong focus on good governance and strict adherence to ethical practices in the industry.

Rev. Olusola Ladipo-Ajayi, Group Managing Director of LASACO Assurance Plc in a telephone chat with Vanguard recently, said LASACO is fully committed to strong adherence to ethical standards and professional code of conduct. He said the company believes in following business ethics to remain a key reference point in the industry. These are indeed the hallmarks of the LASACO Group as a leading composite and one stop financial services conglomerate.

Good governance practices are very crucial in order to repose the confidence of the public in insurance services and also eliminate apathy to insurance which have been entrenched on the minds of Nigerians. If insurance companies do not engage in good governance practices and adherence to business ethics, it gives credibility problems to the industry.

LASACO, according to him, is committed to a set of business principles based on the core values of Integrity, Honesty, Excellence and Respect for People, and promotion of team work, Openness, professionalism, trust and pride.

These core values represent the basis of how we will conduct our business, relate to others in the market place, how we wish to be perceived by stakeholders and competitors alike. We form the foundation of who we are and our future.

Ladipo-Ajayi said that LASACO will be one of the best, if not the best insurance company in Nigeria, providing and delivering products and services of superior quality, using modern technology and highly skilled and well motivated workforce to achieve long term value for all its stakeholders.

The company, he boasted, prides itself as being one of the most ethical companies in this industry. It is one of the strong areas to remain a good corporate citizen operating within good business practices and ethical standards.

We are poised to remain a forward looking and dynamic organization and this has manifested in our efforts to focus on ethical practices as a reputable company. In terms of ethical behaviour, we are professional in our own approach to underwriting and claim in this company.