Faktor Zehn
Modular core insurance software suite for policy, claims, and partner management across property & casualty lines
Overview
Faktor Zehn provides a modular core insurance software suite for end-to-end processes, including product modeling (Faktor-IPS), quotation/application management (Faktor-IOS), policy administration (Faktor-IPM), claims processing (Faktor-ICS), and partner management (Faktor-IBP). The suite also features commission calculation (Faktor-ICO), payment processing adapters, portal services, and print systems.
The solution is built on an open-source development platform, with Faktor-IPS being an open-source product management system and development tool. It is deployed at over 20 insurance companies, including six of the ten largest German insurers. Faktor Zehn offers SaaS solutions in partnership with codecentric cloud and provides training through the Faktor Zehn Academy.
Key Features
- + Central product modeling system (Faktor-IPS) without programming requirements
- + Omnichannel quotation and application management with central offer services
- + Policy administration with high automation and preconfigured reference models
- + Integrated claims management system with automated coverage checks
- + Cross-line partner and commission management with 360-degree view
- + Modular architecture allowing individual or full suite deployment