Fubon Life Adopts Trinity to Align with IFRS 17
Fubon Life Insurance, a subsidiary of Fubon Financial Holdings, has consistently distinguished itself in the industry, winning nine major awards and six special recognitions in 2022 alone, including being named “Best Insurance Company in Taiwan” by World Finance for the 11th time. According to a 2021 report by the Taiwan Insurance Institute, the average Taiwanese holds 2.6 insurance policies, underscoring the immense volume of transaction data handled by the life insurance sector. In light of the Financial Supervisory Commission’s announcement that all insurers in Taiwan must comply with IFRS 17 and the new Insurance Capital Standard (ICS) by 2026, Fubon Life has proactively developed a comprehensive strategy to meet these international regulatory requirements. To support the data-intensive demands of this transition, Fubon Life adopted Trinity to manage data exchange processes for IFRS 17 implementation.
Trinity comes equipped with a built-in job scheduling system that centralizes and optimizes task and workload orchestration. With just a browser and internet connection, Fubon Life users can monitor all job executions in real time. Trinity’s cross-platform, cross-system integration capabilities provide granular control over execution flows—supporting job dependencies, conditions, and sequences. This dramatically reduces the need for manual intervention by IT staff and significantly minimizes the risk of human error. One of Trinity’s key strengths is its extensive scheduling flexibility, allowing job execution via commands, scripts, applications, enterprise tools, APIs, RESTful web services, or SOAP.
Project Manager Chia-Cheng Su noted, “Trinity has enabled Fubon Life to manage enterprise-level data integration more effectively in its IFRS 17 planning. The Trinity ETL module connects seamlessly with various databases and file systems, empowering Fubon Life to transmit, exchange, integrate, and manage data across diverse operational environments. With Trinity, our IFRS 17 data integration is now far more structured and scalable. As future requirements evolve, we can easily expand Trinity’s capabilities by adding modular components to keep pace with regulatory and technological developments.”
Trinity comes equipped with a built-in job scheduling system that centralizes and optimizes task and workload orchestration. With just a browser and internet connection, Fubon Life users can monitor all job executions in real time. Trinity’s cross-platform, cross-system integration capabilities provide granular control over execution flows—supporting job dependencies, conditions, and sequences. This dramatically reduces the need for manual intervention by IT staff and significantly minimizes the risk of human error. One of Trinity’s key strengths is its extensive scheduling flexibility, allowing job execution via commands, scripts, applications, enterprise tools, APIs, RESTful web services, or SOAP.
Project Manager Chia-Cheng Su noted, “Trinity has enabled Fubon Life to manage enterprise-level data integration more effectively in its IFRS 17 planning. The Trinity ETL module connects seamlessly with various databases and file systems, empowering Fubon Life to transmit, exchange, integrate, and manage data across diverse operational environments. With Trinity, our IFRS 17 data integration is now far more structured and scalable. As future requirements evolve, we can easily expand Trinity’s capabilities by adding modular components to keep pace with regulatory and technological developments.”