Open source or high-performance?

Have both! With our open source product system, you can define and design modular products and services easily.

Business Portrait Cornelius Dirmeier

Your contact person

Cornelius Dirmeier

+49 89 520 311 611
Cornelius.Dirmeier@faktorzehn.de
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Tool for insurance applications development

Faktor-IPS, the product system for insurance companies

Faktor-IPS enables you to define and design modular products and services centrally for all sales channels and back-end systems in your company, and takes advantage of modern, transparent interfaces and extensive functionality. Faktor-IPS can be used for all types of insurance.

Model-driven approach – Faktor-IPS guarantees success

The model-driven approach means that Faktor-IPS is much more than a product system. Faktor-IPS generates Java code from the defined product and contract models. This code can then be used directly for your system applications (offer, contract systems etc.), as well as for the integration with the interfacing systems. There is always the option of changing the code manually and extending the model.

Faktor-IPS is provided free of charge and is continuously further developed.

Download Faktor-IPS here
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Faktor-IPS as a development platform for quotations/offers, claims and policy systems

In conjunction with linkki, our open source interface framework, Faktor-IPS forms the development platform for our core insurance solutions and for our suite. Our customers also use Faktor-IPS to develop their own solutions (offer and policy systems). The benefits include fast time-to-market and low maintenance efforts.

As a digital insurer, we need for the right online customer experience a calculation engine that delivers results in a split second, even for complex products. Faktor-IPS exceeded our expectations. Faktor Zehn helped us enormously to deliver on time.

Herr Ton van der Linden; CIO Achmea

Ton van der Linden

CIO Achmea

The decisive factor, that swung the decision in Faktor Zehn’s favour, was the significant benefits Faktor-IPS® offers for the bespoke development of complex insurance systems.

Herr Udo Röhl; Projektleiter Signal Iduna

Udo Röhl

Project Manager, Signal Iduna
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How do you benefit from Faktor-IPS®?

Professional advantages

  • Business users and IT staff work hand in hand: the business department can design the products independently, as the editors are very user-friendly
  • Easy integration with minimum effort into your company's IT systems 
  • Standard models and products for several different insurance applications such as policy systems, quotation systems or mobile apps will hep you accelerate the development
  • White labeling: different sales channels and campaign capailities are supported
  • Discuss common challenges and promote the implementation of new requirements in the Faktor-IPS-Community

What does Faktor-IPS® offer?

  • Create, test and maintain products
  • Make new products and product adjustments available quickly, flexibly and across applications
  • Tool for model-driven development of quotation and policy systems developed inhouse
  • User-friendly editors for creating, editing and documenting the insurance-specific model and the products based on it
  • Wizards adapted to specialist users for the creation and maintenance of product modules, enumerations and tables
  • Simple mapping of sales variants and product generations
  • Many possibilities for testing (regression tests) and documenting products and models
  • Generated Java source code which can be flexibly extended and adapted
  • Access to the model and product information at runtime

Technological advantages

  • Open Source
  • 100 % developed in Java
  • Based on Java-SE starting with version 8
  • Compatible with Java-EE
  • Based on the Eclipse platform
  • Licensed under an established open-source-license (AGPL / LGPL)
  • Makes product data available on different devices and systems
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Media library

What is Faktor-IPS®?

An overview of Faktor-IPS, our tool for developing core insurance applications

(3:11 min)

Live Demo with Achmea @ DIA

Managing complex pension processes, products, DB /DC schemes and their respective calculations with Faktor-IPS

(9:17 min)
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