Modern claims management for insurance 4.0Faktor-ICS
The latest version of our core insurance suite for insurance 4.0 offers fast, flexible claims services with a future-proof architecture for digitized business models.
Faktor-ICS (Insurance Claims System) allows you to fulfill your claims commitments quickly, efficiently and effectively - even for new and innovative product ideas, thanks to the unique system architecture.
Parameters are integrated seamlessly - from the product system to policy and claims management. Faktor-ICS can directly access product and contract information – claims related information such as level of cover or compensation limits are stored in the product and contract model. There is no need to maintain such information in separate places or map between systems, so new product ideas can be made available quickly throughout the entire value chain. Automated coverage checks take place out-of-the-box.
Faktor-ICS delivers ready-made, segment-specific processes and functions for claims management from "advance payment" to "assignment management" - all in a modern web-based UI.
As a stand-alone solution, adapters for policy and product systems from third-party providers are available.
Together with our parent company ConVista Consulting AG, we have more than 20 years of experience in claims management projects and we used this wealth of experience to develop Faktor-ICS.