WaterStreet Policy Administration for P&C Insurance Carriers
Policy Lifecycle Management
Web-based Application, Quoting, Rating, Underwriting, Binding, Issuance
Fast Efficient Rating
A robust, built-in rating engine for real-time premium calculation
Multiple Lines of Business
Flexibility to manage the full policy lifecycle for multiple product lines from a single platform
Configure business rules, triggers and comprehensive underwriting rules with user-defined security levels
Dynamic Document Management
Seamlessly integrated document generation, distribution, and storage
API & Web Services
WaterStreet’s fully published and documented API extends system functionality by integrating to all your business applications
WaterStreet’s Unparalleled Business Value
Faster Speed to Market
Enables you to respond faster to changing market demands
Improve Producer Performance
Implement strategies by coverage and policies to identify cross-selling opportunities
Enhance Customer Experience
Portal & Mobile Access, Digital Engagement Capabilities to Elevate the Customer Experience
Process Automation and Real-Time Reporting Ensure Fast and Deliver Timely and Accurate Data for Accountability and Visibility
What is Policy Administration Software?
Policy Administration Software systems guide administrators to easily complete the policy administration life cycle. Customers are led through the price quote and application process with simple and clear questions, allowing the administrator to repeat these processes for each new customer.
Why Carriers Need Policy Administration Software
Policy administrators today are challenged by unique product lines. With Policy Administration Software, the system’s logic alerts the administrator to any issues with the application and allows third party integrations for pulling additional information into the application for completion.
During the policy life cycle, documents are generated and saved directly in the system. Administrators are able to quickly retrieve these documents and the system allows all the necessary storage for your team to remain in one unified solution.
Advance your business with the next generation of P&C insurance technology through WaterStreet Company.