Industrial insurance
With Industry 4.0 there are also changes to industrial insurance. There is an increasing demand for bespoke models that cover not just single risks but entire process chains. There is also an increasing demand for protection against cyberattacks and risks arising from networked machines and intelligent systems.
As an industrial insurance provider, you have to find ways to map these complex products and concepts in your systems, so that you can adapt them quickly and flexibly to the needs of your customers, whilst simultaneously working to keep costs under control.
Faktor Zehn's high-performance systems are ideal for helping you manage these challenges.
With Faktor-IPS®, our product system, you can manage insurance products simply and efficiently. Faktor-IPS makes the product knowledge centrally available to the other systems, it can be easily scaled - and you profit from the almost unlimited technical possibilities of product design. Even today, Faktor-IPS® successfully maps industrial insurance products with many thousands components in operation.
Faktor-IPM is our complete, modern policy management system.
You can create individual sales products and variants in Faktor-IOS (omni-channel system for offer and underwriting processes), that are then available for all sales channels. In addition to the sales logic, you can also centrally maintain the risk query with a clearly defined uniform structure. This enables you to support underwriting with an automated process.
Faktor-ICS, our claims system, rounds off our offer for industrial insurance providers.
Faktor-Zehn-Suite
Implement new digital business models quickly and future-proof with the Faktor-Zehn-SuiteThe Faktor-Zehn-Suite supports the insurance 4.0 from product modelling through to the fulfillment of the claim itself. The suite components are built on a common platform and use standard reference model.
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Faktor-IPS®
Define and design your insurance products and services centrally using open source technologyFaktor-IPS allows you to manage and configure the data model, products and services centrally. Automatically generated Java code then transfers the products and services to all linked systems. This Java code can also be used for developing product-driven operational systems.
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Faktor-IPM
Model and manage your insurance contracts and products efficiently and make sure they are future-proofFaktor-IPM allows you to model products and contract structures freely, whilst simultaneously using all standard functions. This unique interaction provides a high degree of automation and enables new products to be introduced in a single day. Pre-configured products, business transactions and interfaces are already available for all non-life business, including automotive.
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Faktor-IOS
Target your customers using new and existing digital distribution channels.Faktor-IOS enables you to manage your offers and quotations centrally and makes sure they are available across different sales channels. Thanks to the integrated product system Faktor-IPS, you can adapt your existing products and service modules quickly and easily - and implement your individual sales channel strategy.
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Faktor-ICS
Fulfilling your claims promises quickly and efficiently for current and future products.With Faktor-ICS new product and service ideas can be implemented quickly, whilst leveraging the potential for comprehensive automation and shadow processing. For a quick start, use the pre-configured processes and functions or map your own sets of rules. Thanks to the flexible architecture and modern web-based interface, it’s simple and intuitive.
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