Many businesses today face the challenge of siloed data. This means data is not accessible across departments due to strict data sharing capabilities in legacy systems.
Moving to a native cloud solution means allowing greater accessibility to your data and faster reactions to market changes. Rather than relying on an internal network, your data is stored in the native cloud, giving you full database access, from anywhere and anytime, to realize the complete value of your data.
WaterStreet Company works with many incumbent insurers to shift to a new cloud-based solution, managing policies, claims, billing, reporting and more BPO services in an all-inclusive solution.
What is Native Cloud Hosting?
Native cloud hosting is a method of software development for building, running and accessing applications through cloud computing.
Native cloud hosting differs from other methods of cloud hosting by fully leveraging public cloud networks, making internal networks obsolete. This allows for drastic cost savings on a company’s technology infrastructure. A native cloud application lives in a container-based infrastructure, capable of updating over time and integrating with other innovative applications as the company grows.
The Importance of Full Database Access
One of the greatest aspects of native cloud hosting is having access to a single, unified solution.
When a company’s data is siloed, information gathered in one department may not be accessible by another, hampering the business from fully realizing the value of its data and slowing business processes. This is especially important in P&C insurance where separate departments, such as claims and billing, may have information gaps or issues with customer experience that can be solved with the use of a cloud application.
Insurers today require trusted and dependable transaction processing by an experienced provider. WaterStreet Company is an acknowledged favorite among agents and company users through easy connectivity with all the major data providers and comparative raters.
– Kelly King, CFO & Director of Business Development
WaterStreet Company is capable of shifting an insurer’s data to native cloud hosting, offering new solutions for bridging these information gaps. Insurers can then aim to improve time to resolve claims, document management, flexible invoicing and more. Native cloud hosting enhances an insurer’s ability to deploy new products, resolve internal bottlenecks, and react faster to market changes.
Cloud P&C Insurance Software
WaterStreet Company offers native cloud solutions, built with an advanced API allowing insurers to connect to any number of third-party solutions. This offers insurers a central repository of information within one unified solution for efficiency when managing policies.
Native cloud hosting enhances insurers’ long term positioning in the market, allowing competition with anyone and anywhere in the digital age.
Reach out to WaterStreet Company today to request a consultation and demo of our solutions.