Faktor Zehn Suite

The Faktor Zehn Suite is an end-to-end software solution tailored for the insurance industry, designed to address the complex challenges of managing insurance processes efficiently. This suite offers a comprehensive service-oriented architecture that integrates various essential components including product definition, proposal management, policy administration, and claims management.

Key functionalities of the Faktor Zehn Suite include a central management system for partner data, a provisioning system for agent commissions, output management solutions, and customer portals. The suite is equipped with integrated reference models and sample products that cater to diverse insurance sectors such as property and casualty and motor insurance. With this robust architecture, the Faktor Zehn Suite aims to enhance operational efficiency and significantly reduce the time-to-market for new insurance products.

In addition, the Faktor-IPS product management system enables insurance companies to model and develop their products without requiring any programming skills. Utilizing a model-driven approach, this system allows organizations to create, test, and maintain insurance products centrally. All core and sales applications can access product information directly, which streamlines operations and augments efficiency. Furthermore, Faktor-IPS generates Java code from defined models, serving as both a product management tool and a development tool for insurance applications.

Faktor Zehn's solutions are already implemented in over 20 insurance companies, demonstrating their capability to support clients in realizing their IT strategies effectively.