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Faktor Zehn Suite

by Faktor Zehn · Since 2004
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ActiveAvailable globallyCloud
Quick facts
VendorFaktor Zehn
Year launched2004
StatusActive
LocationIm Zollhafen 15/17, 50968 Cologne , Germany
Countries servedGlobal
Languages2
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About Faktor Zehn Suite

Faktor Zehn Suite is a modular core insurance platform designed to help insurers replace fragmented legacy systems with a unified, automated environment for managing the full lifecycle of insurance products and policies.

Faktor Zehn Suite is a modular core insurance platform designed to help insurers replace fragmented legacy systems with a unified, automated environment for managing the full lifecycle of insurance products and policies. Built primarily for property and casualty, motor, and health supplement insurers, the platform combines several specialized modules such as Faktor-IPS for product configuration and Faktor-IPM for portfolio and contract management, allowing organizations to manage quotations, policies, commissions, claims, and partner data from a single ecosystem. Its web-based interface replaces traditional legacy screens with modern dashboards that simplify complex insurance operations, while a centralized product definition system ensures that updates to tariffs or product rules automatically propagate across the entire workflow. One of its most valuable capabilities is its high dark processing rate, enabling many high-volume transactions, such as renewals or adjustments, to be handled automatically without manual intervention, which significantly improves operational efficiency. The platform also includes reference models and sample insurance products that accelerate implementation by providing preconfigured templates for common insurance lines.

Pros & Cons

Pros
  • Seamless integration between product configuration and inventory management prevents workflow interruptions across insurance operations.
  • Built on Java technology, avoiding dependence on outdated languages like COBOL used in legacy systems.
  • Reference models allow insurers to launch new tariffs quickly with minimal configuration steps.
Cons
  • Implementing the full software suite requires significant planning, coordination, and internal IT resources.
  • Comprehensive all-in-one design may feel excessive for insurers operating in a narrow specialized line.
  • Deep customization of the open-source core requires a highly skilled internal Java development team.

Features

Key features

End-to-End Insurance Platform

Provides a unified ecosystem covering the entire insurance lifecycle from product definition to claims and commissions.

High Dark Processing Rate

Maximizes automation in core processes to ensure high-performance "dark processing" without manual intervention.

Integrated Reference Models

Includes pre-built sample products and processes for all composite lines, including specialized motor vehicle content.

SaaS Operating Model

Offers the option to outsource the entire application and infrastructure operation to the provider to reduce internal IT expenses.

Java-Exclusive Architecture

Built entirely in Java to ensure easy controllability and long-term maintenance by standard IT development teams.

Additional features

Product System (Faktor-IPS)

Defines and manages the technical product rules, tariffs, and contract structures in a central location.

Quotation System

Manages the sales process by generating quotes and processing applications for new insurance business.

Inventory System (Faktor-IPM)

Handles portfolio and contract management, supporting the entire lifecycle of an active policy.

Damage/Claims System

Provides tools for the efficient processing, management, and settlement of insurance claims.

Partner System

Acts as a central management hub for all partner, customer, and stakeholder data.

Commission System

Facilitates the calculation and billing of intermediary and sales partner commissions.

Task Management System

Organizes and tracks internal workflows and employee tasks across the core business processes.

Payment Transactions Adapter

Manages the technical interface for handling incoming and outgoing financial transactions.

Portal Services

Offers a digital interface and portal solution specifically for end-customers to interact with their policies.

Printing System

Provides a lean output management solution for generating and sending physical or digital documents.

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
2
Interface languages
6
Billing currencies

Interface languages

EnglishGerman

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇨🇦CAD🇦🇺AUD

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