List of Faktor-IPS Customers
Munich, 80639,
Germany
Since 2010, our global team of researchers has been studying Faktor-IPS 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-IPS 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-IPS for Insurance Pricing and Rating Engine include: Debeka, a Germany based Insurance organisation with 16500 employees and revenues of $14.90 billion, Versicherungskammer Bayern, a Germany based Insurance organisation with 772 employees and revenues of $2.44 billion and many others.
Contact us if you need a completed and verified list of companies using Faktor-IPS, 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.
The Faktor-IPS customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Debeka | Insurance | 16500 | $14.9B | Germany | Faktor Zehn | Faktor-IPS | Insurance Pricing and Rating Engine | 2023 | n/a |
In 2023, Debeka implemented Faktor-IPS as its Insurance Pricing and Rating Engine to digitize and centralize quotation and offer processes for corporate pension plans. The decision to adopt the Faktor Zehn cross divisional, omnichannel offer and quotation system was taken in 2022 and the first productive use went live for corporate pension plans in mid 2023.
The deployment uses the Faktor-IPS product system to map quotation and offer functions across divisions and channels, with a product model that enables insurers to adapt product and service modules to different sales channels. Faktor-IPS was configured to provide centralized quotation services in a microservice architecture, supporting holistic quote orchestration and category aligned workflows for up selling and cross selling.
Operational coverage initially targeted corporate pension plan sales and the broader sales and distribution organization, with an explicit omnichannel design so all sales channels can connect to one platform and support hybrid customer behavior. The implementation emphasizes cross divisional offer consistency, allowing customers and intermediaries to receive customized product and service modules through the same Insurance Pricing and Rating Engine.
Governance and process focus centered on digitization of sales, establishing automated processing to respond quickly to inquiries and to changing market requirements and customer wishes. The program prioritized realization of a service oriented and modern architecture, and Faktor-IPS was positioned to lift Debeka sales activities onto a technologically future proof platform.
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Versicherungskammer Bayern | Insurance | 772 | $2.4B | Germany | Faktor Zehn | Faktor-IPS | Insurance Pricing and Rating Engine | 2016 | n/a |
In 2016, Versicherungskammer Bayern implemented Faktor-IPS as an Insurance Pricing and Rating Engine. The deployment paired Faktor-IPS with Faktor-IPM to automate business processes around product development and policy management to the greatest possible extent, as described by Jürgen Buchmann IT Service Strategy Owner at VKB.
Faktor-IPS was configured to deliver pricing and rating calculations, product modeling and rule-driven rate logic, and support for policy lifecycle actions such as quoting and issuance. The implementation emphasized configurable product templates, parameterized rate tables and business rule management to allow product teams to update pricing behavior and product definitions without code-level changes.
The solution integrated Faktor-IPS with Faktor-IPM to synchronize pricing outputs with policy records and the product catalog, creating an orchestrated workflow from product configuration to policy administration. Operational coverage included product development, policy administration and underwriting functions within Versicherungskammer Bayern, aligning pricing workflows with policy lifecycle operations.
Governance shifted toward centralized product and pricing configuration within the Faktor suite, and rollout processes for new products and rate changes were automated to shorten cycle time. VKB reports that the combined use of Faktor-IPS and Faktor-IPM enabled the insurer to react faster and more effectively to market events and customer needs.
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