On October 30, a financial frontline report stated that New China Life Insurance Company Ltd. (ASX: 601336) held its third-quarter 2026 earnings briefing today.
Addressing the business outlook for next year, NCI (ASX: 01336) President and Chief Financial Officer Gong Xingfeng responded that the challenges for the full year of 2027 will remain quite significant. In 2027, the company will face macroeconomic uncertainty, regulatory changes, and a series of shifts at both the financial product and institutional operation levels driven by interest rate factors, with many variables proving difficult to predict.
The company will adhere to goal-oriented leadership to achieve steady growth, continuously strengthen institutional development and team building, and intensify market expansion efforts. The overall business in 2027 will uphold the principle of pursuing progress while maintaining stability, achieving better growth in both scale and value.
Regarding the bancassurance business, Gong Xingfeng stated that since the third quarter of this year, the impact of the new regulations has already become apparent. The company is continuously studying and comprehending the new regulatory requirements, dynamically adjusting its operating strategy, steadily solidifying implementation measures, and optimizing its operating model.
"The new regulations impose higher requirements on insurance companies' compliance management and customer service capabilities. As the industry gradually adapts to the new rules, combined with the company's various compliance-related adjustments, we believe the bancassurance business as a whole will show a trend of stabilizing and improving."
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