Dah Sing Insurance strengthens position with improved capital base

DSI's business plan suggests continued growth via new initiatives, said AM Best.

Dah Sing Insurance Company Limited (DSI) is expected to maintain steady growth in Hong Kong’s non-life insurance market, driven by portfolio expansion and stronger market positioning, according to AM Best.

The agency revised DSI’s outlook to positive from stable, citing a 66% increase in gross written premiums from 2020 to 2024, led by growth in accident and health, motor, and employees’ compensation lines. 

AM Best said DSI’s business plan points to continued expansion through new initiatives and improved actuarial modelling for pricing and performance.

At end-2024, DSI’s capital and surplus rose 19% to $0.36m (HK$2.8b) under HKFRS 17, reflecting full profit retention and gains in equity investments.