About Fidelity Life
Fidelity Life Assurance is a life assurance service provider in Zimbabwe with pillars in Life Assurance, Asset Management, Financial Services, Medical Cover, and Actuarial Consultancy.
It was listed on the Zimbabwe Stock Exchange in 2003 and became the first Insurance Company to receive ISO certification in 2005. The group was first established in the United Kingdom as Legal and General (Pvt) Ltd, Fidelity Life Assurance Zimbabwe came into being in 1936 when a branch was opened in Bulawayo.
A local consortium then bought the long-term assurance division in 1988, cementing it as a truly Zimbabwean brand.
Its services include managing pensions, funeral insurance, and microfinancing in the informal banking market. Fidelity Life Assurance actuarial services include life and general insurance services, healthcare insurance, investments, and finance and funeral assurance schemes. Its asset management services include unit trusts, money market funds, equity funds, balanced funds, and advisory services.
Reginald Chihota is the Fidelity Life Assurance managing director, he was appointed on March 1, 2022.
He is a holder of various insurance and marketing diplomas from the Institutes of Insurance (Zimbabwe) and Marketing (South Africa) respectively as well as a Bachelor in Business Administration Degree, an MBA from the University of Gloustershire ( UK), and a Post Graduate Diploma from the Chartered Institute of Marketing CIM - UK. We wish Reginald every success in his new role.
His career spans 30 years having cut his insurance teeth at Old Mutual in 1991. He worked at Old Mutual until 2003 when he left to join Fidelity Life.
At Fidelity Life, he rose through the ranks handling various portfolios with the Employee Benefits and Medical Aid units.
The Company’s segments include Zimbabwe and Malawi. The Zimbabwe segment is involved in life assurance and pensions, funeral services, asset management, actuarial consultancy, and micro financing.
The Malawi segment is involved in life assurance and pensions. The Company offers financial services, such as individual loans, salary-based loans, and farmers loans.