The WaterStreet P&C Insurance Suite is built on a robust configurable platform designed for MGAs to bring their products to market quickly and easily. The system allows you to seamlessly manage all phases of the policy lifecycle from quote to renewal. Easily configure and manage the full lifecycle of all your product lines from a single platform as well as integrate to third-party systems seamlessly.
End-to-end Policy Administration
Flexible policy lifecycle administration from quote through renewal supports multiple lines of business, document retention, and dynamic workflow for underwriting all from one seamless system. Task automation streamlines the underwriting process for smoothe policy processing.
WaterStreet Policy Administration for MGA’s 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.
Flexible & Detailed Reporting
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.