Press Release

Press Release

Best-in-Class Investment Accounting and Reporting Software Adds More Than 80 New Insurers in 2014

Tuesday, February 3, 2015

Software Company Continues To Gain Momentum By Offering Continuously Appreciating SaaS Investment Accounting And Reporting Solution

BOISE, ID – February 3, 2015 — Clearwater Analytics, the leading provider of web-based investment accounting and reporting for insurance companies, today announced its continued momentum in the insurance market in 2014. Clearwater added more than 80 new insurance clients in 2014 and continues to provide automated and accurate insurance investment accounting, reporting, and analytics to hundreds more. In December, Clearwater helped insurers file over 500 Annual Schedule Ds.

Insurance clients such as Canopius Group, MCIC Vermont, COPIC Insurance, and Donegal Insurance Group chose Clearwater for three primary reasons:

  1. Automated, Accurate Investment Accounting and Reporting
  2. Integrated Accounting, Compliance, Performance, and Risk Analytics
  3. Outstanding Customer Service and Industry Expertise

"Clearwater immediately set the bar high with a seamless implementation and continues to exceed our expectations," said NaDonya Jackson, Financial Reporting Manager at Canopius US Insurance, Inc. "We are able to rely on Clearwater’s data with sheer confidence, meaning we can truly analyze the data and be strategic, not reactive."

"Instead of offering empty functionality promises for a vague future date, Clearwater delivers the most advanced and streamlined software today," said Phil Vorreiter, Director of Finance at MCIC Vermont. "As a forward-thinking company, we know Clearwater will be an appreciating asset to us."

More and more insurance companies are converting to Clearwater to eliminate the risk of manual input and processing. Additionally, they are turning to Clearwater for industry expertise to stay up to date on ever-changing regulatory guidance and best practices. This expertise, along with client feedback, also guides Clearwater’s frequent functionality enhancements. Clearwater’s best-in-class solution and unparalleled client service has fueled the company’s significant growth in the insurance industry. As a result, over 350 insurers around the world rely on Clearwater to streamline their investment and accounting operations.

"As our growth continues to accelerate, it’s clear that more and more insurers are realizing that they can no longer put off the need for an automated and integrated investment accounting solution that improves efficiency and mitigates risk," said Dave Boren, CEO of Clearwater Analytics. "Clearwater is committed to providing the top solution today, while always improving to ensure that clients continue to see Clearwater as an appreciating asset to their organization"

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About Clearwater Analytics

Clearwater Analytics® is the leading provider of web-based investment accounting, reporting, and reconciliation services for corporate treasuries, insurance companies, and investment managers. Clearwater aggregates, reconciles, and reports on over $1.2 trillion in assets across 25,000+ accounts daily. For over a decade, Clearwater has helped insurance clients such as CopperPoint Mutual Insurance Company, Group Health Companies, The Main Street America Group, Savings Bank Life Insurance Company of Massachusetts, and WellCare streamline their investment and accounting operations. Clearwater remains committed to continuous improvement of the solutions they provide to current clients, while encouraging prospective companies to rethink how they approach their investment accounting and reporting challenges.