The future of commercial insurance

Online conclusion of an insurance policy, fast reactions to change requests, simple and comprehensible products – what has long since become the norm for private customer business is now also becoming increasingly popular in commercial insurance.

Business interruptions due to pandemics or destruction caused by floods present many companies with major challenges. In order to be able to react quickly to changing conditions, it is essential for small and medium-sized companies in particular to be able to adapt their insurance cover at short notice and thus secure the existence of the company.

It is also necessary for insurers to be able to react quickly to changes in the market. It must be possible to introduce new products or tariffs at short notice in order to be able to insure new types of risks, such as cyber insurance, which is becoming increasingly important, or new types of occupational fields.

Faktor Zehn’s software can meet the needs of both customers and insurers. The Faktor-IPM policy management system also offers the option of bundling several products, such as public liability insurance and business contents insurance, into one policy. In this way, customers can conveniently cover their risks in one contract and, thanks to the modular system, adapt it to their needs at any time.

Renowned insurers such as Nürnberger Versicherung and WWK Allgemeine Versicherung have already made their commercial products productive with Faktor Zehn’s software. The standardized software has made it possible to go live in a short time. For example, the Faktor-ICS claims system went live at WWK Allgemeine Versicherung in less than a year. Of course, we also reported on this.

So if you, as an insurer, also want to be able to react quickly to changes in the market and the needs of commercial customers, in order to be able to offer adequate insurance cover at all times: With the software of Faktor Zehn, we offer you various products to easily and safely enter the future of commercial insurance. Feel free to contact us at any time at: businessdevelopment@faktorzehn.de.

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