Generalist or specialist?

We are specialists for the IT of the insurance industry. We have been offering IT consulting solutions and developing innovative software products since 2004.

Your contact person

Dr. Florian Schwandt

+49 89 520311 626
Florian.Schwandt@faktorzehn.de

Motor insurance

New mobility concepts, sophisticated assistance systems, autonomous driving are just some of the challenges insurers are facing. On top of all this, new competitors are forcing their way into the market – and competitive pressure is escalating.

To be in a position to implement new (digital) business models quickly and efficiently, insurers usually have to modernize their IT systems. Their administrative systems are often still based on mainframe computers and need to be replaced by a lean, dynamic, object and service-oriented architecture.

Our policy system is unique in the German market: Faktor-IPM is a complete system with reference products and modern business process support. It is complemented by our other solutions: Faktor-ICS (claims system) and Faktor-IOS (omni-channel offer system).

From April 2018 onwards Faktor-IPM includes components for the electronic insurance confirmation (eVB) and the insurer change certificate (VWB) - which are integrated as part of the standard system. The modules implement procedures specified by the German Insurance Association (GDV). They offer service interfaces and expansion points that can be used to interface easily with existing policy systems.

evB electronic insurance confirmation

eVB as standard component for your policy system

Complete realization of the GDV procedure out-of-the-box

The eVB component is an integral part of our Faktor-IPM policy system for motor insurance. Thanks to modern SOA architecture, it can also be connected to other policy solutions.

VWB Change of insurance provider certificate

VWB as standard component for your policy system

Complete realization of the GDV procedure out-of-the-box

The VWB component is an integral part of our Faktor-IPM policy system for the motor insurance. Thanks to modern SOA architecture, it can also be connected to other policy solutions.

Faktor-Zehn-Suite

Implement new, future-proof digital business models easily with our end-to-end core insurance solution.

The 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 technology.

Faktor-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-proof.

Faktor-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 quotation and applications 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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