With our policy management software Faktor-IPM, you benefit from a holistic insurance policy management system with integrated sample content for all non-life policies, commercial and motor vehicle lines of business.
In an increasingly digitalized world, speed and service quality are crucial for insurance companies to remain competitive in the long term. Shorter innovation cycles, growing customer demands and increasing competition require maximum flexibility – also in policy management.
With Faktor-IPM we offer a smart software solution for the policy management of all non-life and commercial lines as well as the legal protection line. Due to the partnership-based development of the software, together with our customers, the policy management solution is particularly closely aligned with the needs and objectives of the specialist area and brings with it all the necessary core functions for efficient insurance policy management. Due to the included and extensive reference models and the existing sample content for the different insurance lines, our policy management software is optimally adapted to the framework conditions of the German market. Faktor-IPM also includes standard components for eVB and VWB as well as SF management to cover all of your vehicle insurance processes.
Faktor-IPM ensures, thanks to a high degree of background processing, efficient management of contracts and promotes a sustainable reduction of your operating costs. At the same time, the integrated Faktor-IPS product system allows you to flexibly model both product and contract structures, thus achieving a fast time-to-market and reacting agilely to new market conditions. Functions such as historization, billing, business transaction control, etc. are included as standard and complete the prerequisites for solid policy management. To ensure that you also satisfy the customers of the future, Faktor-IPM already supports the “pay-as-you-drive” concept or situational insurance products.
“The new software from Faktor Zehn increases efficiency and the degree of automation enormously. This is a major advantage for us, especially in the price-sensitive automotive business. This is made possible by the high degree of dark processing in the end-to-end processes.”
“By working closely with Faktor Zehn and using Faktor-IPS and Faktor-IPM, we manage to automate our business processes around product development and policy management to the greatest possible extent. This enables us to react faster and more effectively to market events and customer needs.”
Line of business add-ons for private non-life lines, motor, commercial and legal protection accelerate the implementation project and minimize risk and costs.
Contract and product model as well as process definition can be adapted quickly and flexibly. The introduction of new products is straightforward and enables a fast time-to-market.
Two-dimensional history management, version comparison and a flexible configuration enable qualified processing and a high degree of automation.
Line of business add-ons for private non-life lines, motor, commercial and legal protection accelerate the implementation project and minimize risk and costs.
Two-dimensional history management, version comparison and a flexible configuration enable qualified processing and a high degree of automation.
Contract and product model as well as process definition can be adapted quickly and flexibly. The introduction of new products is straightforward and enables a fast time-to-market.
Line of business add-ons for private non-life lines, motor, commercial and legal protection accelerate the implementation project and minimize risk and costs.
Contract and product model as well as process definition can be adapted quickly and flexibly. The introduction of new products is straightforward and enables a fast time-to-market.
Two-dimensional history management, version comparison and a flexible configuration enable qualified processing and a high degree of automation.
Learn more about Faktor-IPM policy management software in our product flyer.
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