Fidelity embarks on asset separation

FIDELITY Life Assurance of Zimbabwe (FLA) is considering bulk fuel imports for its funeral assurance operations as es­calating fuel costs, partly driven by geopolitical tensions in the Middle East, put pressure on the sector.

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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