WaterStreet enables carriers to get to market faster by providing a preconfigured insurance solution that can be extended to meet the unique needs of your business. Our integrated solution ensures efficiency and provides the tools and capabilities essential to stay competitive in your market.
WaterStreet Policy Administration for Insurance Carriers is built with a rules-based structure, customizable to your standards. Easily set your underwriting rules and guidelines. Automate tasks based on configurable business rules in real time within the software. Implement data validation to trigger warnings, referrals, and compliance notifications to ensure new policies comply with underwriting rules.
Billing & Accounts Receivable
WaterStreet offers a Billing & Accounting module that is fully integrated with our Claims and Policy Administration suite. This built in P&C insurance billing system seamlessly integrates with payment processing, premium accounting, regulatory reporting, and the WaterStreet Document Management system.
WaterStreet Claims Management allows carriers to manage the full end-to-end claims process within one solution. Log the First Notice of Loss, collect associated documents, identify urgent claims, detect fraud, and improve efficiency while managing high volumes of claims, all without sacrificing quality of service.
The WaterStreet Business Intelligence Platform allows you to discover data-driven business insights through a collection of tools that work together to turn your data into clean, coherent, interactive visuals. Built to specifically map your P&C insurance transaction data, WaterStreet BI enables you to visualize what is important and share actionable insights with your team – all via an easily digestible and trusted data platform.
Business Process Automation
The WaterStreet Platform improves daily workflows for departments including IT, finance, human resources, mail distribution and customer service. Repetitive, time consuming tasks in various areas of the insurance business can lead to dissatisfaction for employees and customers. With workflow automation and easy rule configuration, minimize bottlenecks and easily access information when it comes to underwriting, claims, customer service and much more.
Manage Your Business from One Platform
The WaterStreet Platform is a fully managed, cloud solution deployed and hosted with Microsoft Azure web services. This high-availability solution delivers security and scalability to support all your business lines in all states. Our fully documented API and web services offer interoperability and integration across third party systems and services, creating a truly holistic view into operations without needing extra overhead to manage services. With WaterStreet, you can launch products quickly and easily to support your growing business.
Insurance Agency Management
WaterStreet helps your agents streamline processes and manage policies with greater efficiency. From quick quote calculations to keeping track of customer accounts, integrate the WaterStreet system with agency management to help in the organization and management of data, ultimately leading to improved customer service for your insureds.
Agency Management Integration
The WaterStreet Policy Administration System offers an invaluable asset to producers, providing them with a platform that is tailored specifically to the needs of agencies by integrating with Agency Management Systems. This comprehensive insurance management suite helps streamline the management of policies, making sure they are kept up to date, organized and securely stored in one place for seamless agency management. WaterStreet can help automate follow-up communications, presenting a professional and efficient process for agents to conduct business, reducing manual effort and lightening their workloads. Carriers and agents can rely on WaterStreet to manage all aspects of policy management from quote to issue to renewal, while delivering superior customer service – an essential element of a successful organization.
Agency Management Integration Benefits:
– Reduce time spent on administrative tasks allowing agents to focus more on selling and servicing their customers.
– Speed up the sales cycle with automated underwriting rules and real-time rate calculations
– Producers have access to valuable product and sales insights with built in analytics
– Improve retention and renewal rate with easy customer account management
– Leverage WaterStreet’s unique functions to accommodate integrations with our advanced API capabilities.
– Allow agency download to review necessary data, such as with Ivans Download.
– Bring comparative rating into agency capabilities.
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Schedule a demo today by calling us at 406.333.1989 or filling out the form via the following link.