Fidelity embarks on asset separation

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.

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…

Subscribe to read full article. Subscribe today

Related posts

Analysts urge selective stock picking

Tanganda seeks VFEX listing

Fidelity Life diversifies as profits slide

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More