About Faktor-IPS
Faktor-IPS is an open-source development tool and product system for insurance applications. It supports model-driven development of insurance software, central product modeling, and configuration of policy systems.
Faktor-IPS is a specialized open-source development tool and product system designed specifically for the insurance industry. It facilitates model-driven software development (MDSD), allowing architects to model business classes and product components, which are then generated into Java source code. A key strength of the platform is its separation of concerns: software architects handle the technical modeling and programming, while business users manage product definitions through intuitive, non-technical editors. The system is highly flexible, supporting various insurance lines such as motor, health, and property insurance, and is designed to integrate into environments ranging from mobile apps to mainframes. Faktor-IPS is built on the Eclipse platform, providing a familiar environment for developers, and its runtime is platform-independent, requiring only a standard Java Virtual Machine. While it is a powerful tool for insurance-specific needs, it is not a general-purpose product configurator, making it most suitable for organizations that require deep integration with insurance policy systems and complex product logic.
Pros & Cons
- Open-source model allows for transparency and community-driven development.
- Separates technical modeling from business-level product configuration.
- Supports complex insurance product structures and bundling.
- Platform-independent runtime ensures compatibility across diverse IT environments.
- Provides specialized tools for insurance-specific testing and modeling.
- Steep learning curve due to its specialized nature and reliance on the Eclipse ecosystem.
- Limited to Java-based development environments for the core runtime.
- Requires technical expertise to set up and maintain the model-driven development pipeline.
- Not designed for general-purpose product configuration outside of insurance or similar financial domains.
Features
Key features
Generates Java source code from insurance-related business models.
Allows business users to define and maintain insurance products using user-friendly editors.
Provides modeling tools and generators directly within the Eclipse IDE.
Runtime library is based on Java and runs on any platform with a JVM.
Includes tools for defining and executing insurance-specific test cases.
Additional features
Automatically generates source code from business models while allowing manual enhancements.
Provides a specialized editor for managing tabular product information.
Includes assistants and views for navigating and copying complex product structures.
Supports modeling and product definition in multiple languages.
Offers a dedicated plugin for Maven-based build processes.
Allows users to define custom artifact builders via extension points.
Supports versioning and lifecycle management of insurance products.
Integrates with Eclipse UML2 tools for visualizing business models.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About Faktor-IPS
Faktor-IPS is an open-source development tool and product system for insurance applications. It supports model-driven development of insurance software, central product modeling, and configuration of policy systems.
Faktor-IPS Details
Faktor-IPS's In-App Market Place
Does Faktor-IPS have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
6
Mini Apps
Faktor-IPS Advanced Product Configuration: This add-on expands the product configurator feature of Faktor-IPS
allowing for more detailed and complex product configurations.
Faktor-IPS CRM Integration: This add-on enables seamless integration between Faktor-IPS and CRM systems
automating sales and customer management processes.
Faktor-IPS Pricing Engine: This add-on provides advanced pricing capabilities
allowing users to set dynamic pricing rules and calculate prices based on various factors.
Pricing Options
Accepted Payment Currencies
EUR (€), USD ($), GBP (£), JPY (¥), AUD (A$), CAD (C$), CHF (CHF), CNY (¥), SEK (kr), NOK (kr), DKK (kr), CZK (Kč), PLN (zł), HUF (Ft), RUB (₽)
Pros & Cons
- Open-source model allows for transparency and community-driven development.
- Separates technical modeling from business-level product configuration.
- Supports complex insurance product structures and bundling.
- Platform-independent runtime ensures compatibility across diverse IT environments.
- Provides specialized tools for insurance-specific testing and modeling.
- Steep learning curve due to its specialized nature and reliance on the Eclipse ecosystem.
- Limited to Java-based development environments for the core runtime.
- Requires technical expertise to set up and maintain the model-driven development pipeline.
- Not designed for general-purpose product configuration outside of insurance or similar financial domains.
Faktor-IPS's Support Options
Email Address
support@faktorips.deContact
+49 231 9853-600Documentation
https://www.faktorips.org/documentationCommunity Forums
https://www.faktorzehn.org/de/faktor-zehn-community/Faktor-IPS's Alternatives
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