The ratings reflect DSI�s balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect the parental support from Dah Sing Financial Holdings Limited (DSFH) in terms of capital, brand recognition, business development, product distribution, risk management and operations. AM Best expects DSI�s risk-adjusted capitalisation, as measured by Best�s Capital Adequacy Ratio (BCAR), to remain at the strongest level and supportive of the anticipated increases in asset and underwriting risks from business expansion over the short to intermediate term. Given its low net underwriting leverage ratio of approximately 54% and limited catastrophe exposure, DSI�s BCAR score is relatively stable in stressed scenarios.