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Policy Management

The policy management is the central system of insurance.  Here numerous business transactions have to be performed. Data is periodically updated (dynamic, premium adjustments etc.), further processing is triggered in others systems (printing, commission, collection / disbursement etc.) and data is provided for reports and evaluation.

Furthermore the policy system is a central information source for the manual editing of incidents in other systems, for example claims/benefits or commission. Therefore, access from diverse departments as well as interactions with other systems has to be secured.  

    • the increasing demands towards the service quality and time-to-market
    • readiness towards new data sources for the automated receipt of application
    • often new legal changes have to be implemented on short notice
    • the demographic changes, this is often also noticeable within the own development team

      After mergers and acquisitions, we often face several policy systems working in parallel to each other which leads to further challenges.

      Based on our experience from numerous projects in the area of policy systems and as a provider of the standard software Faktor-IPM we provide our customers with comprehensive advice regarding the optimization, modernization or new development of their policy systems. Our experts possess excellent IT and migration knowledge as well as the necessary technical process know-how. We understand how a well-designed policy system with optimal processes, technical focus and a user-friendly interface can make users enthusiastic. With our expertise in the field of policy management we design and develop solutions, which cover a range of requirements as well as an efficient management of the insurance policies.

        • Long-term project experience
        • IT and technical expertise
        • Reengineering and selective modernization of legacy solutions
        • Comprehensive support for consulting on architecture and process design through to the individual development of specific solutions as well as the product and IT migration
        • Standard solution: Policy management system Faktor-IPM

          Jan Ortmann

          +49 89 520 311 630

          Our standard solution