The lean commission system for insurance companies
With our flexible commission system Faktor-ICO, you can manage the complex remuneration of your insurance sales simply and efficiently.
Digitalization is leading to increa-singly complex processes in the area of sales and agent remuneration
These circumstances are creating increasing demands on commission calculations, variable remuneration, and bonus systems, and are presenting insurance companies with additional challenges.
With our commission system for insurance companies, Faktor-ICO, you get a lean but powerful software solution to meet these challenges. The commission solution Faktor-ICO supports you significantly in your multi-channel sales by allowing you to centrally settle different sales channels – for all divisions and with different commission models. Complex organizational structures and hierarchies in sales also pose no problem. Our solution is built from the ground up as an extensible system to adapt perfectly to your requirements.
Faktor-ICO is lean and powerful at the same time
Factor ICO includes exactly the functions needed to remunerate insurance contracts that are missing in a general-purpose system. This includes the calculation of commissions based on pro-rata contributions or valuations, as well as retroactive changes while taking into account applicable liability rules. Our commission system offers a simple but powerful management of intermediaries and policy allocations. If required, this can be easily replaced.
As part of the Faktor Zehn Suite, the commission system Faktor-ICO is optimally positioned for use together with our policy management system Faktor-IPM. All business functions are also available as REST API, so that the integration into existing system landscapes is also possible without any problems. In addition, the connection to collection/disbursement systems is already well prepared.
What our clients say
“We decided to develop the Faktor-ICO commission solution in partnership with Faktor Zehn.It was a good decision, because this really fantastic collaboration enabled us to contribute our expertise and helped to shape the application so that it does exactly what it is supposed to do.With Faktor-ICO, we are always in a position to achieve our ambitious time-to-market target with a very lean and high-performance commission solution!”
Mirek Sindler
Head of IT, Data & Controlling
Product highlights
Specifically for insurance companies
By focusing on insurance companies, our commission system provides all relevant functions to map even complex remuneration scenarios.
Customizable expandable
Special requirements for policy valuation, commission calculation, liability regulations or organizational structure of sales are implemented precisely via simple interfaces.
Easy to integrate
In addition to the smooth connection to other Faktor Zehn components, our commission system can also be conveniently integrated into existing system landscapes thanks to REST interfaces.
Specifically for insurance companies
By focusing on insurance companies, our commission system provides all relevant functions to map even complex remuneration scenarios.
Easy to integrate
In addition to the smooth connection to other Faktor Zehn components, our commission system can also be conveniently integrated into existing system landscapes thanks to REST interfaces.
Customizable expandable
Special requirements for policy valuation, commission calculation, liability regulations or organizational structure of sales are implemented precisely via simple interfaces.
Specifically for insurance companies
By focusing on insurance companies, our commission system provides all relevant functions to map even complex remuneration scenarios.
Customizable expandable
Special requirements for policy valuation, commission calculation, liability regulations or organizational structure of sales are implemented precisely via simple interfaces.
Easy to integrate
In addition to the smooth connection to other Faktor Zehn components, our commission system can also be conveniently integrated into existing system landscapes thanks to REST interfaces.
Would you like to see Faktor-ICO in action?
Then request an exclusive and free demo appointment now!
Product advantages
How your business users benefits
- Includes the most important functions for calculating commissions based on pro-rata premiums and policy valuations
- In particular, retroactive changes of policies under consideration of individually adaptable liability regulations are supported
- Simple but powerful agent management for policy allocation is included
- Supports the correction of policy allocations, including the technically correct recalculation of commissions based on applicable regulations
- Easy-to-use user interface for business users
Professional advantages
How your development department benefits
- 100% Java
- Service-oriented architecture (REST or SOAP API)
- Consistent interface design with linkki, our UI framework
- Easy integration in existing system landscapes
- Supports all major SQL databases
- Easy to understand data model and clear table structures in the database
- Cloud-ready
Technical advantages
Faktor-ICO Downloads
Faktor-ICO Flyer
Learn more about the Faktor-ICO commission system in our product flyer.
Press release BavariaDirekt - Faktor_ICO
BavariaDirekt is the first customer to set the new Faktor-ICO commission solution in productive use.
Would you like to learn more about Faktor-ICO?
Contact us
- Jan.Ortmann@FaktorZehn.de
-
Im Zollhafen 15/17
50678 Cologne
Germany
