Press Release

Press Release

Clearwater Analytics Launches 2015 Insurance Investment Benchmark Survey

Wednesday, April 22, 2015

Seeks To Identify Top Challenges For Insurance Investment Professionals And Provide Insight Into Their Accounting, Reporting, And Operations Processes

BOISE, ID – April 22, 2015 — Clearwater Analytics, the leading provider of web-based investment accounting and reporting for insurance companies, today announced the launch of The 2015 Insurance Investment Benchmark Survey for CFOs, investment, and accounting professionals. The survey will give U.S. insurers an unparalleled opportunity to benchmark themselves against their peers on investment-related operational, accounting, and reporting processes. Chief financial officers, chief investment officers, chief accounting officers, controllers, accounting managers, statutory accountants, and other financial professionals are invited to take the survey.

In 2014, Clearwater launched the first-ever Insurance Investment Benchmark Survey, which was met with an overwhelming response from more than 400 participants across a wide variety of insurance company types and sizes. The data revealed compelling statistics—such as the time it takes accounting teams to perform investment accounting and reporting tasks, or typical staff sizes for investing accounting and reporting operations—that insurers could use to evaluate core processes and compare themselves to peer organizations. In addition, the responses uncovered the biggest challenges that insurance investment accounting and treasury professionals face, namely the complex regulatory environment, operational efficiency, and risk and performance analysis and reporting.

This year’s survey is a continuation of this exploration into industry-wide challenges and processes. From the results, a comprehensive report—including detailed data analysis and significant survey takeaways—will be compiled and provided to all participants. The report will provide in-depth visibility into key investment accounting processes, suggest best practices to help teams make better decisions, and provide vital data for peer benchmarking purposes. Additionally, Clearwater Analytics will elucidate and further expand upon these initial findings in two separate presentations at the Insurance Accounting & Systems Association (IASA) Annual Conference on June 7-10, 2015.

"The 2014 Insurance Investment Benchmark Survey revealed some surprising—and some predictable—results on how investment accounting and reporting teams’ processes work today," commented Rich Pullara, Insurance Solutions Specialist at Clearwater Analytics. "The 2015 results will add more layers of insights to these industry-wide challenges, trends, and practices, with questions that dig deeper. The analysis will help insurers see how far they’ve come—and where they should be going in order to keep pace with their peers."

Insurance investment professionals who would like to take the survey can do so on the Clearwater Analytics website. The survey will be open through early May.

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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, C.V. Starr & Co., Enstar, Group Health Companies, The Main Street America Group, Sagicor, SBLI, WellCare, and Wilton Re 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.