Recommend Us | About Us | Back to

News | Financial Calculator | Home Financing | Archived News |


  Welcome to Bernama Banking & Finance Special Page     
Positive outlook for DPL Insurance Limited, says AM Best
Last update: 22/07/2019

KUALA LUMPUR, July 22 (Bernama) -- The outlook of DPL Insurance Limited (DPL) New Zealand has been revised to positive from stable, according to AM Best. 

The positive outlook reflects an improving trend in DPL’s balance sheet fundamentals, including risk-adjusted capitalisation and the size of its absolute capital base.

These factors, coupled with AM Best’s expectation of controlled growth and robust underwriting performance over the medium term, could lead to positive rating actions.

Moreover, the global rating agency also affirmed the Financial Strength Rating of B+ (good) and the Long-Term Issuer Credit Rating of ‘bbb-’ of the insurance company.

The ratings reflect DPL’s balance sheet strength, which AM Best has described as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

The ratings also factor in a neutral impact from the company’s ultimate ownership by Turners Automotive Group Limited, a motor vehicle retailer and financial services group in New Zealand.

Going forward, AM Best expects improved underwriting performance to support a greater balance of overall earnings.

More details at 




Bank Muamalat's Mohd Arfaizal emerges champion of BNM's elocution contest
Dryer cabin project generate economy of fishermen in Kampung Talun, Bongawan

Bank Muamalat collaborates with Alibaba cloud to expedite financial inclusion

Insurance coverage for longhouses
AIA appoints Ben Ng as CEO

CIMB Islamic, Takaful Ikhlas partnership eyes RM168 mln of business

100 Yen3.9244/9298
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Not sure
  Main | News | Insurance

© 2019 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution