KUALA LUMPUR, Nov 3 (Bernama) -- Global credit rating agency, AM Best has affirmed the performance assessment (assessment) of PA-2 (Excellent) of Delta Insurance New Zealand Limited and Delta Underwriting Private Limited, Singapore.
AM Best in a statement said the companies are assessed on a consolidated basis under their parent, Delta International Limited (Delta).
With a stable outlook on the assessment, it reflects Delta’s strong underwriting capabilities, excellent governance and internal controls, strong financial condition, excellent organisational talent, and strong depth and breadth of relationships.
In AM Best’s view, the two affiliated companies exhibit several commonalities with one another and are regarded as strategically and financially important to Delta, providing access to businesses in certain geographic jurisdictions in the Asia Pacific region.
The credit rating agency assesses Delta’s underwriting capabilities as strong, as it has consistently recorded profitable underwriting results over the past few years across a wide range of product lines and geographic regions.
Delta has a highly specialised underwriting philosophy and risk selection process, supported by its in-house underwriting and claims management teams, which enabled the organisation to grow its premium base rapidly through product and geographic expansion over time.
Furthermore, AM Best considers Delta’s governance and internal controls to be excellent, as the company has implemented a sophisticated framework for selecting capacity providers, which elevates the products and coverage it provides to its policyholders.
Delta’s financial condition has been assessed as strong with its track record of profitable operations, stable income sources and positive cash flow. Its organisational talent was also viewed as excellent, and Delta’s senior management is highly experienced in the company’s lines of business.
-- BERNAMA
Monday, 3 November 2025
MONEYHERO LAUNCHES CREDIT HERO CLUB IN HONG KONG TO BOOST CREDIT TRANSPARENCY
KUALA LUMPUR, Nov 3 (Bernama) -- MoneyHero Limited (MoneyHero), a leading tech- and artificial intelligence (AI)-powered personal finance aggregation and comparison platform, has launched the Credit Hero Club in Hong Kong, powered by TransUnion.
The new offering marks a strategic milestone in MoneyHero’s ongoing evolution toward tech- and AI-driven product offering innovation, after the platform undergoes a successful beta testing phase throughout September.
The platform helps users better understand their credit position, identify financial products that align with their credit profile, and simplify the application process—all of which drives improved approval and conversion rates for partner banks and financial institutions, while delivering a more seamless and personalised experience for users.
“Moving beyond a comparison website, we are enhancing user engagement through technology and data. We are empowering Hong Kong consumers with free access to their credit profiles, enabling them to make more informed financial decisions.
“This allows us to offer special partner products and to significantly improve the user experience, marking a significant step in the digitalisation of the end-to-end purchase journey,” said MoneyHero Chief Executive Officer, Rohith Murthy in a statement.
By offering free access to credit scores and credit reports, Credit Hero Club empowers users to make better-informed borrowing decisions and allows commercial partners to acquire highly targeted and engaged customers.
MoneyHero’s loan application data for the first nine months of 2025 shows a shift toward more prudent borrowing behaviour in Hong Kong. Applications for loans below HK$100,000 rose from around 31 per cent in 2024 to approximately 38 per cent this year, indicating a stronger appetite for smaller loans. (HK$100 = RM54.01)
Meanwhile, medium (HK$300,000 to HK$799,999) and large (HK$800,000 and above) loan applications declined from nearly 32 per cent to almost 28 per cent and from about 16 per cent to some 13 per cent, respectively. Small loan applications stabilised at roughly 21 per cent.
This shift toward smaller loan amounts might also reflect heightened caution among banks in Hong Kong, which appear to be prioritising risk management and lower exposure, as the trend underscores the demand for clearer credit transparency in a more cautious lending environment.
-- BERNAMA
The new offering marks a strategic milestone in MoneyHero’s ongoing evolution toward tech- and AI-driven product offering innovation, after the platform undergoes a successful beta testing phase throughout September.
The platform helps users better understand their credit position, identify financial products that align with their credit profile, and simplify the application process—all of which drives improved approval and conversion rates for partner banks and financial institutions, while delivering a more seamless and personalised experience for users.
“Moving beyond a comparison website, we are enhancing user engagement through technology and data. We are empowering Hong Kong consumers with free access to their credit profiles, enabling them to make more informed financial decisions.
“This allows us to offer special partner products and to significantly improve the user experience, marking a significant step in the digitalisation of the end-to-end purchase journey,” said MoneyHero Chief Executive Officer, Rohith Murthy in a statement.
By offering free access to credit scores and credit reports, Credit Hero Club empowers users to make better-informed borrowing decisions and allows commercial partners to acquire highly targeted and engaged customers.
MoneyHero’s loan application data for the first nine months of 2025 shows a shift toward more prudent borrowing behaviour in Hong Kong. Applications for loans below HK$100,000 rose from around 31 per cent in 2024 to approximately 38 per cent this year, indicating a stronger appetite for smaller loans. (HK$100 = RM54.01)
Meanwhile, medium (HK$300,000 to HK$799,999) and large (HK$800,000 and above) loan applications declined from nearly 32 per cent to almost 28 per cent and from about 16 per cent to some 13 per cent, respectively. Small loan applications stabilised at roughly 21 per cent.
This shift toward smaller loan amounts might also reflect heightened caution among banks in Hong Kong, which appear to be prioritising risk management and lower exposure, as the trend underscores the demand for clearer credit transparency in a more cautious lending environment.
-- BERNAMA
Subscribe to:
Comments (Atom)