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WaterStreet

by WaterStreet Company · Since 2000
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Active1+ countriesCloudOn-premise
Quick facts
VendorWaterStreet Company
Year launched2000
StatusActive
Location215 South Complex Drive Kalispell, Montana 59901
Countries served1+
Languages6
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About WaterStreet

WaterStreet by WaterStreet is a comprehensive software solution designed for P&C insurance companies to efficiently manage their policies and claims processes.

WaterStreet is a cloud-based platform designed to help insurers, reinsurers, and brokers manage and organise insurance market data and product information more efficiently. The platform consolidates fragmented data from carriers, markets, rate filings, rules, and forms into a single searchable system, allowing underwriters and product teams to access up-to-date coverage wordings, pricing, and compliance information without relying on spreadsheets or email chains. This centralisation improves accuracy, reduces duplicated effort, and supports faster, more informed decision-making across the organisation. WaterStreet also focuses on collaboration by providing a shared library of product knowledge that teams can easily access and update, ensuring consistency across departments and simplifying onboarding for new staff. The system includes tools for tracking changes in market rules or filings, helping users stay aware of updates that may affect underwriting, pricing, or product offerings. Being cloud-based, the platform offers real-time access from anywhere, which supports remote work and enhances team alignment.

Pros & Cons

Pros
  • Customizable policy administration platform tailored specifically for P&C insurance
  • Streamlined workflow processes for increased efficiency and productivity
  • Enhanced customer service through quicker response times and access to real-time data
  • Comprehensive reporting and analytics capabilities for better decision-making
  • Integration with third-party systems for seamless data exchange and collaboration
Cons
  • Implementation and integration typically need technical support or professional services.
  • Small organisations may find the platform more complex than simpler out‑of‑the‑box gateways.
  • Companies with legacy systems might need preparatory IT work before integration.
  • Some advanced risk or workflow customisation may only be in higher tiers.

Features

Key features

Digital Payments & Processing

Enables organisations to accept and manage electronic payments securely across multiple channels and payment types.

Client Money Movement

Provides tools for firms to move client funds between accounts and stakeholders with full audit trails and compliance controls.

Integrated Billing & Invoicing

Lets businesses generate, deliver and reconcile invoices while tying payment activity directly to billing records.

Regulatory Compliance

Built‑in features that help organisations comply with financial regulations, anti‑money‑laundering requirements and audit standards.

APIs & Platform Integrations

Offers developer APIs that integrate with existing systems such as CRM, accounting, policy administration or back‑office platforms.

Additional features

Hosted Payment Interfaces

Secure web‑based payment pages that can be embedded or linked to from digital channels.

Reconciliation & Reporting Tools

Dashboards and reports that summarise payment activity, settlements, fees and exceptions.

Risk & Fraud Monitoring

Tools to detect suspicious activity and help businesses manage risk associated with transaction processing.

Customisable Workflows

Businesses can configure fund flows, approval paths and settlement timing to match operational needs.

Multi‑Channel Support

Accepts payments via portals, automated clearing house (ACH), card networks, and other electronic channels.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

1
Countries served
6
Interface languages
9
Billing currencies

Available in

All Countries.

Interface languages

EnglishSpanishFrenchGermanItalianPortuguese

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇳CNY🇮🇳INR🇷🇺RUB

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