Chairman of Nanshan Life Insurance, Yin Chongyao, Discusses the Use of AI! Reveals Management Strategies, Responds to Dividend, and Stock Listing Progress

Reported 11 months ago

On June 18, 2024, during the shareholders' meeting of Nanshan Life Insurance, AI artificial intelligence became one of the topics of concern, with inquiries about whether AI has been implemented and its actual application areas. Chairman Yin Chongyao mentioned the establishment of Beyond Lab for AI research, collaborations with external vendors, and emphasized that the use of AI is not to replace employees but to assist them. Shareholders raised concerns about stock prices, stock listing schedule, dividend issuance, the company's resilience in a high-interest rate environment, and labor disputes. Management strategies focus on aligning with IFRS 17 and ICS, transitioning towards long-term product sales and combining health services to provide added value to customers. Outside the meeting, the corporate union protested for fair treatment of employees to ensure a healthy financial structure for Nanshan.

Source: YAHOO

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