DEVK goes live with new Faktor-IPM policy system

DEVK has been processing new business via Faktor-IPM since January. An integral part of the new policy system is the open source product system Faktor-IPS.


Category: Project updates

Weiße 10 auf hellblauem Hintergrund

DEVK goes live with new Faktor-IPM policy system and successfully migrates 1.3 million policies – on schedule, to budget and with quality

Cologne, Germany, April 24, 2019 – The DEVK Group has successfully implemented Faktor-IPM, the policy management system by Faktor Zehn GmbH, for its household line of business. It was supported by the Cologne-based IT consultancy ConVista Consulting. The migration of 1.3 million contracts was completed at the beginning of April. DEVK has been processing new business via Faktor-IPM since January. An integral part of the new policy system is the open source product system Faktor-IPS.

The introduction of the new policy system for the private and commercial non-life business is scheduled for eight years. The go-live of the household line of business, including migration, was achieved on schedule, to budget and with quality after 22 months. The next phases of the project will include the implementation and migration of the casualty, liability and motor lines of business.

Under the leadership of DEVK, ConVista has been working on the project since July 2017. DEVK benefits from expertise from a single source: ConVista is an expert in IT consulting and the wholly owned ConVista subsidiary Faktor Zehn is a software house specializing in insurance solutions.

DEVK board member Michael Knaup is satisfied with the results so far:

“ConVista is our partner in modernizing our application landscape for non-life. The first steps with the new Faktor-IPM policy system by Faktor Zehn have convinced both IT and the business users. We believe that we have created the technical prerequisite to meet future customer expectations such as fast time-to-market and digitization.”

About DEVK

For more than 130 years, people have had full trust in the insurance cover of DEVK. Today, DEVK employees service approximately 4.2 million customers with more than 15.4 million risks across all clas-ses of insurance in Germany. Approximately 7,500 employees are dedicated to providing quick and efficient customer support. In ad-dition, the “Sparda” banks have been a reliable partner for many years. Based on the number of contracts, DEVK is Germany’s fourth largest home, fifth largest car, and seventh largest liability insurer.

DEVK Versicherungen

More information about our policy system

With our policy management software Faktor-IPM, you benefit from a holistic insurance policy management system with integrated sample content for all non-life policies, commercial and motor vehicle lines of business.

  • header of the press release about Nürnberger Versicherung "Hello Private Line"

    Nürnberger Versicherung now also goes live with new IT platform for its private non-life segments

    With the new Private Line, the important LOBs household, liability, accident and building have been completely revised in terms of prices and benefits and have gone live on the new…

  • Header for press release URV: "Ready for the future with SUNRISE"

    Union Reiseversicherung successfully rebuilds its IT platform

    The core of the new IT platform is the Faktor Zehn Suite. More than 500,000 existing contracts and 300,000 claims were migrated into it in course of the go-live.

  • Fit for the future - WWK Allgemeine Versicherung suc-cessfully replaces its mainframe-based claims and policy system for non-life business

    WWK successfully replaces host based P&C solution

    As an independent and modern financial services provider, the WWK Lebensversicherung a.G. decided in 2019 to completely replace its mainframe system within an ambitious timeframe of approximately 4 years…

This site is registered on as a development site.