About Faktor-IPM
Faktor-IPM is an enterprise insurance policy management solution developed by Faktor Zehn to help insurers modernize legacy systems and manage complex policy lifecycles efficiently.
Faktor-IPM Details
Vendor
Faktor Zehn
Year Launched
2004
Location
Im Zollhafen 15/17 50678 Cologne Germany
Deployment
cloud, web browser
Training Options
videos, demo
Countries Served
All Countries
Languages
English, Spanish, French, German, Italian, Portuguese
Users
Insurance Underwriters, Insurance Policy Administrators, Claims and Contract Management Specialists, Insurance Operations Managers, Insurance Product Managers, Business Analysts in Insurance Companies
Industries Served
Property and Casualty (P&C) Insurance, Automotive / Motor Vehicle Insurance, Commercial Insurance, General Insurance Services, Financial and Risk Management Services
Tags
Insurance, Policy Management, Faktor-IPM, Insurance Technology, Policy Administration, Faktor Zehn
Faktor-IPM's In-App Market Place
Does Faktor-IPM have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
Mini Apps
Pricing Options
Free trial
Free version
Request a quote
Promo Offer
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD ($), CAD ($), JPY (¥), CHF (CHF), CNY (¥), INR (₹), RUB (₽), BRL (R$)
Pros & Cons
- Open-source core architecture reduces vendor lock-in and allows customers flexibility for independent system modifications.
- High dark-processing rates automate workflows and significantly reduce operational costs per processed policy.
- Automatically merges policy versions during backdated adjustments, saving administrative time and preventing record inconsistencies.
- Platform built entirely in Java requires development teams with strong Java expertise for customization.
- Migrating large volumes of legacy records into the two-dimensional history model is technically complex.
- Prebuilt templates and regulatory structures are optimized mainly for the German insurance market environment.
Faktor-IPM's Support Options
Email Address
info@faktorzehn.deContact
+49 89 5203110