| dc.description.abstract | In recent years, with the fast development of information technology and the trend of internationalization, coupled with the financial technology supervision and management environment, information transparency requirements require financial companies to comply with the international accounting standards IFRS 17 , which will be implemented in 2026. Life insurance companies inevitably must carry out a large-scale transformation of their information systems to comply with IFRS 17 financial statements and disclosure. It is a major task for insurance companies around the world.
This study uses the case study method to collect relevant information by participating in and observing the project execution processes of life insurance company M. The new systems provide data consistency with the old systems by integration through ETL and use data warehousing to centrally manage and integrate large amounts of data from various sources. However, the case company faces only fixed data transmission time points, so the time for each system to capture data is limited.
The results of this study show that, in the process of implementing the new system, the financial operations, user interface, system and maintenance of the case company have been greatly improved, thus enhancing the growth and operating efficiency of the company, and also enabling IT staff to have new professional skills. In addition, the project scope includes different projects, departments, and consultants, making good communication management critical. The clarity of project members’ duties in the project and implementation scope are important. Other issues to be considered include planning consideration, implementation processes, system solution quality, information integration, thus ensuring operation efficiency the new systems and containment of the cost and implementation time. | en_US |