Standard or flexibility?

We offer both! Faktor-IPM enables you to adapt products and contract structures to your needs, whilst providing all the standard functions at the same time.

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Your contact person

Matthias Kreuschner

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For tomorrow’s smart policy management

Faktor-IPM - our powerful policy system based on Java EE architecture

We developed Faktor-IPM together with our customers to ensure that the solution is aligned to the needs of the insurance industry. Our policy system specializes on the administration of non-life policies. It has a wide range of functionality and end-to-end reference models for property, liability, accident and automotive insurance (adapted to the requirements of the German market.)

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Standard vs. flexibility – our solution provides both!

With Faktor-IPM contracts can be managed efficiently and new products can be brought to market quickly. The integrated product system Faktor-IPS® allows you to freely model products and contract structures or adapt them to individual needs. At the same time, you can use the standard Faktor-IPM functions such as history management, billing, business transaction control, etc.

As part of the Faktor-Zehn-Suite, Faktor-IPM can be seamlessly integrated with all Faktor Zehn products.

Durch die enge Zusammenarbeit mit Faktor Zehn und den Einsatz von Faktor-IPS und Faktor-IPM schaffen wir es, unsere Geschäftsprozesse rund um die Produktentwicklung und Bestandsführung  weitestgehend zu automatisieren. So können wir schneller und effektiver auf Marktgeschehen und Kundenbedürfnisse reagieren.

Jürgen Buchmann

IT Service Strategie Owner

ConVista is our partner for modernizing our composite application landscape. The first steps with the new Faktor-IPM policy system from Faktor Zehn have convinced IT as well as our specialist department. We believe that this will create the technical basis to meet future customer expectations such as fast Time-to-Market and Digitalization.

Michael Knaup

Member of the Executive Board
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How do you benefit from Faktor-IPM?

Professional advantages

  • Can be used for all lines of business: P&C, motor, commercial, and supplementary health insurance
  • The combined modeling of product and contract shortens the time-to-market 
  • Total Cost of Ownership (TCO): Accelerate your implementation project and operations 
  • Product and contract structures can be modelled freely
  • High level of automation and a high degree of background processing
  • Ability to launch new products fast
  • Eeasy and quick integration of Faktor-IPM into your existing IT landscape thanks to the cutting edge technology and a lean architecture
  • The easy-to-manage architecture enables you to an independent system running and functionality development 

What does Faktor-IPM offer?

  • Includes pre-configured products, business transactions and interfaces for the P&C division of business
  • Components for eVB and VWB in the automotive sector
  • All core functions of policy management
  • Joint modeling of product and contract structures
  • Optimized user interface for efficient and qualified processing



Technological advantages

  • 100 % developed in Java
  • Based on the Java-EE-7 standard
  • Integrates the open-source Faktor-IPS® development tool for both product and contract modeling and for the calculation engine
  • Service-oriented architecture (REST-API or SOAP-API)
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What is Faktor-IPM?

An overview of Faktor-IPM, a modern and flexible solution for insurance policy management
(3:11 min)
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