Driving Changes, the openEuler Way—A Cost-Effective Path to Insurance Compliance
Welcome back to our "Driving Changes, the openEuler Way" series! 👋
In our previous case—📖 Powering a Bank's Intelligent Customer Service Agent—we explored how openEuler helped a major bank build an intelligent customer service agent that's fast, secure, and designed for future growth.
This week, we're staying in the financial sector—but stepping into the insurance world, where deadlines are tight, data is massive, and cost-effectiveness is everything.The Phytium Platform Solution: Scalable, Compliant, Cost-Effective
The Compliance Clock Is Ticking ⏳
By the end of 2024, insurers in China had completed extensive consultations, system development, and platform reconstruction to prepare for 📜IFRS 17 (International Financial Reporting Standard 17) and 📜CAS 25 (China's local equivalent).
These rules weren't just accounting fine print—they represented a complete overhaul of how insurers report, calculate, and analyze their financials.
Since early 2025, CAS 25 has been running in parallel with the previous Chinese insurance contract standards, requiring insurers to:
Sounds like a tall order? It was—especially with the tight deadlines looming.
The Phytium Platform Solution: Scalable, Compliant, Cost-Effective 💡
To tackle this challenge, Phytium and software company Beiming teamed up to design a platform that meets the new standards—without breaking the budget.
Here's what they built:
All of this runs on Phytium processors and the openEuler-based KylinOS, delivering both high performance and cost efficiency. The system is built with a lakehouse architecture, layered data design, and functional modules, which together support seamless integration of insurance data across domains.
From this design, three core components bring the platform to life: the data platform, measurement platform, and accounting engine—all designed to generate IFRS 17 (CAS 25)-compliant statements and provide end-to-end task monitoring with traceability.
Cost-Effectiveness in Action 💰
This design doesn't just meet compliance requirements—it optimizes them for performance and cost efficiency. By combining Phytium processors with an openEuler-based infrastructure, insurers gain:
By integrating hardware and software tuned for high-performance workloads, insurers can meet compliance deadlines without draining their budgets. The result is a solution that delivers both compliance and commercial advantages.
Beyond Compliance: Long-Term Business Value 📈
While the platform is designed with IFRS 17 and CAS 25 in mind, its benefits extend far beyond year-end reporting. With robust data collection and analysis capabilities, insurers can strengthen:
In other words, what starts as a compliance necessity becomes an engine for ongoing business intelligence—while keeping costs manageable.
Looking Ahead 👀
As the insurance industry moves through 2025, cost-effective compliance is proving to be a decisive advantage. This platform shows that it's possible to meet demanding global standards, handle massive data, and keep budgets under control—all through a single, unified solution.
Up Next 🔜
The next case in our Driving Changes, the openEuler Way series will once again highlight the power of cost-effectiveness—this time focusing on a different application within the financial sector. Stay tuned to see how openEuler continues to help organizations do more, spend less, and scale smarter.
Can't wait for next week's case? You can get an early taste of what's coming by exploring our white paper—📖 openEuler-based OSs in Finance—packed with real-world cases, insights, and inspiration for your own transformation journey.
Previous Stories in the Series 📚