List of Faktor-IOS Customers
Munich, 80639,
Germany
Since 2010, our global team of researchers has been studying Faktor-IOS customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased Faktor-IOS for Insurance Pricing and Rating Engine from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using Faktor-IOS for Insurance Pricing and Rating Engine include: Provinzial Group, a Germany based Insurance organisation with 12000 employees and revenues of $8.51 billion, Nurnberger Allgemeine Versicherungs, a Germany based Insurance organisation with 5300 employees and revenues of $5.12 billion, GVV Versicherung, a Germany based Insurance organisation with 330 employees and revenues of $302.0 million and many others.
Contact us if you need a completed and verified list of companies using Faktor-IOS, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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GVV Versicherung | Insurance | 330 | $302M | Germany | Faktor Zehn | Faktor-IOS | Insurance Pricing and Rating Engine | 2025 | n/a |
In 2025, GVV Versicherung implemented Faktor-IOS as part of a cloud SaaS deployment of the Faktor Zehn Suite to consolidate core systems for its property and casualty and municipal insurance business. GVV Versicherung implemented Faktor-IOS, an Insurance Pricing and Rating Engine, with operation delivered by Faktor Zehn in cooperation with the cloud specialist cc cloud codecentric AG, establishing a single, cloud-hosted runtime for pricing, product configuration, and policy processing.
The implementation of Faktor-IOS within the Faktor Zehn Suite includes modules for product management, inventory management, quote and application management, claims management, and partner management. Configuration and automation focus on standardized product modeling and rule-based rating to enable flexible product development, higher degrees of standardization, and increased straight-through processing across underwriting and distribution workflows.
Integration work in the initial project phase centered on connecting Faktor-IOS to GVV Versicherung’s existing IT landscape, with the official project launch on June 1, 2025 and the first product rollout for household contents insurance. The platform is scoped to expand to other property lines, plus liability, accident, motor vehicle, and municipal lines, enabling centralized pricing and rating services across these business functions.
Governance and operational responsibility are structured around Faktor Zehn’s SaaS delivery model, including continuous system monitoring and optimization performed by Faktor Zehn and operational cooperation with cc cloud codecentric AG. The one-stop-shop arrangement covers software, implementation, and managed operation, and the project explicitly targets compliance with regulatory requirements while introducing more integrated application and processing procedures.
The stated outcomes for GVV Versicherung are a foundation for faster and more integrated application and processing procedures, more flexible product development, and increased straight-through processing, together with a future-proof scalable and cost-efficient IT landscape. Faktor-IOS as an Insurance Pricing and Rating Engine is positioned to support product management, pricing, underwriting, claims handling, and partner management across GVV Versicherung’s municipal and private lines.
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Nurnberger Allgemeine Versicherungs | Insurance | 5300 | $5.1B | Germany | Faktor Zehn | Faktor-IOS | Insurance Pricing and Rating Engine | 2022 | n/a |
In 2022, Nurnberger Allgemeine Versicherungs implemented Faktor-IOS. Faktor-IOS is the offer and quotation solution from Faktor Zehn and was deployed as part of a new non-life platform alongside Faktor-IPS, the product system, and Faktor-IPM, the policy system.
Faktor-IOS served as the Insurance Pricing and Rating Engine in the implementation, enabling centralized product configuration, pricing rule management, and quotation generation for private line business. The project revised prices and benefits for the private line lines of business, explicitly covering household, liability, accident, and building, and configured quotation workflows to produce offers consistent with the product definitions in Faktor-IPS.
Operationally the new stack integrated offer and quotation processing with product management and policy administration, positioning Faktor-IOS to hand off finalized offers into Faktor-IPM for policy creation. Commercial business had been moved to the Faktor Zehn platform earlier, and the private business follow-up went live at the beginning of July 2023, bringing the private line LOBs onto the same platform.
Governance focused on staged rollout of LOBs and alignment of pricing and benefits in the Faktor-IOS configuration, with the July go-live recorded as a major project milestone on Nurnberger Allgemeine Versicherungs transformation course.
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Provinzial Group | Insurance | 12000 | $8.5B | Germany | Faktor Zehn | Faktor-IOS | Insurance Pricing and Rating Engine | 2023 | n/a |
In 2023 Provinzial Group initiated a project to deploy Faktor-IOS as part of a Faktor Zehn motor standard system, positioning Faktor-IOS as the Insurance Pricing and Rating Engine for the Group’s mobility products. The announcement named Faktor-IOS alongside Faktor-IPS for product management and Faktor-IPM for policy management, establishing a suite-centered architecture for offer, quotation and policy lifecycle orchestration.
The implementation scope focuses on cloud operation and a modern technology stack, with Faktor-IOS responsible for offer and quotation capabilities across private vehicle, commercial vehicle and fleet insurance. Functional capabilities called out for the deployment include mapping of different vehicle types, management of no-claims bonuses, vehicle fleet handling and migration support, aligning typical Insurance Pricing and Rating Engine workflows with product configuration and underwriting rules.
Integrations specified in the project include connection points for eVB and VWB processes to support German motor insurance regulatory and electronic verification flows, and integration with the Faktor-IPS product management and Faktor-IPM policy management components to provide end-to-end quoting to policy issuance continuity. The project was launched in an initialization phase in January 2023 and explicitly covers Provinzial companies including S-Direkt and specialty insurer OCC, spanning all sales channels and customer segments.
Governance and program framing emphasize a partnership model with Faktor Zehn for software, implementation and operation, driven by Provinzial leadership objectives to expand mobility services and further digitalize processes. The decision rationale documented by the insurer cites comprehensive technical coverage of motor processes in the standard software, a modern technology stack and existing positive reference experience at subsidiary ProTect Versicherung AG, which already uses the Faktor Zehn suite. The combined signals position Faktor-IOS within a standardized, cloud-native motor insurance architecture for Provinzial Group as of 2023.
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