Insurance policy system - Faktor-IPM
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This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information.
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
Please click here for more information on Premium features or contact us.
To learn more about subscribing to our service options, please contact us here
Overview
Faktor-IPM - a powerful policy system based on Java EE architecture
We developed Faktor-IPM together with our customers to ensure that the solution is aligned to the needs of the insurance industry. Our policy system specializes on the administration of non-life policies. It has a wide range of functionality and end-to-end reference models for property, liability, accident and automotive insurance (adapted to the requirements of the German market.)
Standard vs. flexibility – our solution provides both!
With Faktor-IPM contracts can be managed efficiently and new products can be brought to market quickly. The integrated product system Faktor-IPS® allows you to freely model products and contract structures or adapt them to individual needs. At the same time, you can use the standard Faktor-IPM functions such as history management, billing, business transaction control, etc.
As part of the Faktor-Zehn-Suite, Faktor-IPM can be seamlessly integrated with all Faktor Zehn products.
Key Features
- pre-configured products, reference models, modern business transaction control and interfaces for non-life business
- components for eVB and VWB for motor insurance, and compliance with current German GDV standard
- all core functions of policy management (including history management, retroactive changes, pending administration, billing components, business transactions, persistence, multi-client capability, processes, delta determination, authentication, authorization)
- joint modelling of product and contract structures
- optimized user interface for efficient, qualified processing
- flexible interfaces facilitate the integration into the existing IT landscape, so that interfacing systems may not need to be changed
Key Benefits
- covers all insurance types: can be used for non-life, car insurance, commercial, industry and additional-health
- scalablity: scalable thanks to JEE architecture
- automation and shadow processing: high degree of automation and, therefore, shadow processing rate possible
- speed and time-to-market: the integrated product system Faktor-IPS enables products to be available within a day
- increased productivity: special tools and views for product manager increase productivity
- total cost of ownership (TCO): Faktor-IPM's efficiency and performance benefits occur not only within the implementation project, but also during operations
- simple integration: the innovative interface concept and service-oriented architecture means the integration into your system landscape can be done quickly and easily
- 100 % Java: Java-EE-8 standard
Product/Service details
SOLUTION OR SERVICE TYPE