Fidelity embarks on asset separation

Launched in 2022, the Vaka Yako product enables individuals in Zimbabwe to progressively acquire a stand or house, with monthly payments starting at US$45.

FIDELITY Life Assurance (FLA) has begun to transfer shareholder assets to policyholders in line with the regulatory asset separation exercise.In July this year, the company indicated that the asset separation implementation plan had been approved by the regulator, the Insurance and Pensions Commission (IPEC), based on submissions that underwent thorough actuarial review and independent assessments…

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