As part of the IT modernization, the host-based policy system for all private and commercial non-life policies is also being replaced. Faktor-IPM by Faktor Zehn GmbH was chosen as the new policy system.
NÜRNBERGER Versicherung relies on software from Faktor Zehn as part of its IT modernization
Nuremberg, February 26, 2020 – NÜRNBERGER Versicherung is driving forward the use of digital technologies in a targeted manner in order to increase customer and agent benefits, service quality and efficiency. As part of the IT modernization, the host-based policy system for all private and commercial non-life policies is also being replaced. Faktor-IPM by Faktor Zehn GmbH was chosen as the new policy system.
The decisive factors for this decision were the high degree of technical maturity of the system, the modern architecture, the good integration capability into the system landscape and the competence of the project partner.
The insurance group and Faktor Zehn GmbH launched the project in January 2020 together with the IT and business consultancy ConVista Consulting AG. Expected duration: four years.
The aim of the overall project is to migrate the contracts to the modern architecture and automate many essential business processes. At the same time, a centralized and efficient product management system will be established in order to be able to launch customized and innovative tariffs via all channels in the shortest possible time. Faktor-IPM provides the integral component for this – Faktor-IPS® open-source product system, which is unique in the insurance industry.
About NÜRNBERGER Versicherung
With more than 2.8 million policies in the claims and casualty segment, NÜRNBERGER is one of the most important German insurance companies. In this segment, the Group generates premium income of around EUR 800 million. The name NÜRNBERGER has been a tradition since 1884. As a quality insurer, the client operates successfully in promising business segments of the insurance industry. Further information about NÜRNBERGER can be found at NÜRNBERGER Versicherung
Find more information on our products
We offer you standard software for your core processes with maximum flexibility. Use the modules individually according to the best-of-breed approach or cover all your core processes with our Faktor Zehn Suite – from product definition to offer and quotation management, policy management and claims management. In addition to the core modules, our suite also includes a flexible business partner, a commission system and an outout-management solution. The offering is rounded off by a customer portal for insurance companies.