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LASACO ASSURANCE PLC
The quiet company...Building enduring Stability and Prosperity.
LASACO ASSURANCE PLC
The quiet company...Building enduring Stability and Prosperity.
LASACO ASSURANCE PLC
The quiet company...Building enduring Stability and Prosperity.
LASACO ASSURANCE PLC
The quiet company...Building enduring Stability and Prosperity.
 
 

About Us - Lasaco Assurance Plc.

  
     

The Company

Board of Directors

Management Team
 
  PP The New LASACO
 Related Pages
About Us
Our Vision
Our Values
Quality Policy Statement
Shareholding
Corporate Governance & Our Business Principles
Awards & Important Milestones
Social Responsibilities
Lasaco in the News
  In all of this, the implementation of TAGS and its various programmes is expected to bring about profound positive changes and transformation in LASACO with several benefits, key among which will be the following:
 

-     A successfully recapitalized New LASACO by November 2006.

-    The emergence of a sound organization with well defined mission, vision and business processes, practices and systems during the organization’s medium and long-term strategic plans and objectives for the coming years.

-     A highly motivated management and staff unleashing new capabilities and competencies to improve individual and collective outputs and achieving unprecedented levels of performance.

-     Improved earnings, profit levels, and dividend prospects for LASACO during 2007-2010 and beyond.

-    Operating restructuring of the company to reflect the New LASACO and the new strategic directions to the company in 2007 to 2010.

-     The acquisition and deployment of relevant tools, technology and human capital to support and implement the various identified strategic imperatives and the new operating processes for the period 2006-2010 and well beyond into the future.

-    The New LASACO, repositioned as a world-class financial services company, the pride of its shareholders, customers and employees.

 
    Following are the values, mission and vision of the New LASACO – its identity (new brand image) purpose, drive, as well as its strategic and financial goals.
     
   

 OUR CORE VALUES

  

The New LASACO is committed to a set of business principles based on the core values of integrity, honesty, excellence and respect for people, and the promotion of teamwork, 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, and how we wish to be perceived by stakeholders and competitors alike.  They form the foundation of who we are and of our future.

 

 OUR VISION AND VISION METRICS

  

At the New LASACO, our vision is to be the Best or among the Best in every business that we are in by creating and sustaining an exceptional brand in the market place, which means that:

•       Customers, service providers, and government prefer doing business with us

•       Competitors respect us

•       Communities welcome us

•       Employees are proud to work for us and they celebrate their success as a team

•       Bankers, Security Analysts and Stockbrokers recommend us to their clients

•       Investors are eager to invest in us

 

Our primary objective is to exceed the financial performance of our strongest competitors.  Our goal is to continue to balance long-term growth and short-term results in the pursuit of our objectives.  Out of this mix is our ultimate vision of transforming and growing the New LASACO into a world-class Financial Services mega company in the next 10 to 15 years.

Our approach to the business and to the accomplishment of all of the above is based on:

 

-      Total Customer Service

-      Total Quality Management

-     Constantly improving our Knowledge of the Operating Environment, Emerging Technology and  Processes in the Insurance and related Financial Services Business.

-     Anticipating Change and Continuously Improving Our Services, Work Methods, Procedures and Processes to go beyond the Expectations of Our Customers.

-     Committed Team Values

-     Constantly Applying a Refreshing, Proactive and Unique Approach to All we do

 

We will be guided by the Strategic Intents of our Transformation and Growth Strategy (TAGS) and will measure progress and performance with the following Vision Metrics or Benchmarks:
 
     
   
l Superior Shareholder Return Metric:

n   Total Shareholder Return
Shareholder Value Added

 
l Superior Financial Performance Metric:

n   Return on Capital Employed

Earnings Growth

Solvency Ratio Share Price and Balance Sheet value

 
l Happy Customers Metric:

n   Customer Satisfaction

Renewals and Repeat businesses

 
l Competitive Operating Advantage Metric:

n   Strong Brand Image

Business Network Expansion

 
l Public Favourability and Acceptance Metric:

n   Public Favourability Index

Brand Recognition

Favourable Positive Association in the Market place.

 
l Committed Team teamwork Metric: 

n Passionate Workforce who are committed to and take pride in their success as a team.

n (Also the Results from the Organizational Climate Survey, Parts I and II re: the 2005 Management Retreat)
 
     
   

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LASACO ASSURANCE PLC.
...The Quiet Company....building Enduring Stability and Prosperity.
 
 
 
 

 

  
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