Lasaco Assurance Plc Launches Agricultural Insurance Products

Lasaco Assurance Plc has obtained formal approval to provide agricultural insurance products, marking a significant step in the company's strategic expansion within Nigeria's agricultural sector. This approval allows Lasaco Assurance to diversify its product offerings and take advantage of new opportunities in the agricultural value chain.

The company is committed to improving its market presence and meeting the evolving demands of various sectors in the Nigerian economy. Lasaco Assurance's agricultural insurance products will include Multi-Perils Crop Insurance, Plantation Insurance, Poultry Farm Insurance, Fishery Insurance, Livestock Insurance, Farm Property and Produce Insurance, and Cattle Insurance.

Mr Ademoye Shobo, the Managing Director, expressed confidence that this new approval will significantly enhance the company's revenue in the future.