Fidelity bets on innovation to boost earnings

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ASSURANCE company Fidelity Life  says it is looking forward to continuously exploring new innovative ways to improve value for both its policy holders and shareholders amid mounting operational costs.

In the period ended 31 December 2023, the company expanded its distribution channels through traditional and digital means to enable the ease of doing business with its stakeholders.

Industry leaders in the insurance and assurance sectors have been battling rising service costs in a high inflationary environment.

According to a survey by leading global professional services company Accenture, there is a high correlation between investments in innovation and strong performance in top line, net income and market valuation.

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