Fidelity Life in 2024: Building resilience on shifting sands

FIDELITY Life Assurance of Zimbabwe is broadening its product portfolio to reduce reli­ance on its Vaka Yako plan, as elevated claims contributed to a sharp decline in half-year earnings.

Musawenkosi Dzheka IN a year defined by Zimbabwe’s economic recalibration, Fidelity Life Assurance of Zimbabwe (FLA) emerged as a case study in strategic resilience and fragile progress. The firm’s 2024 financial results painted a picture of significant asset growth and profitability gains, yet also raised critical questions around equity erosion, compliance complexity, and long-term sustainability.As…

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