The open source solution for the model-driven development of insurance software and the central modeling of insurance products.
Faktor-IPS is an open source development tool. Faktor-IPS can be used to develop insurance applications, such as policy systems, quotation systems or mobile apps. It acts as a project accelerator during the development of the application. In addition, the software is also used as a product system and for the configuration of existing policy systems. The application has been used productively by various insurance companies since 2005. It also is the basis for Faktor Zehn’s other products.
The insurance-related model for the contract and product components are created, documented, and maintained via own editors.
Based on the approach of model-driven software development, the insurance-related model is generated in source code. The code can be modified at any time to enhance the model.
Business users create and maintain insurance products in user-friendly editors. The predefined models form the basis here.
The business and product logic are easy to integrate into applications, from smartphone to mainframe.
