"Pool Re Reinsurer partners with Clearwater Analytics for advanced data analytics solutions"
Pool Re, the UK's leading terrorism reinsurer, has partnered with Clearwater Analytics to modernize its investment operations, accounting, and risk management infrastructure. The partnership focuses on enhancing Pool Re's investment accounting and reporting processes.
Clearwater Analytics, a renowned player in the investment management sector, offers a comprehensive technology platform designed to streamline operations, eliminate manual processes, and provide comprehensive risk analytics from a single platform. The company's platform is known for its advanced data analytics, real-time insights, and streamlined processes, making it an ideal choice for Pool Re.
Keith Viverito, Managing Director, EMEA at Clearwater Analytics, expressed his excitement about the partnership, stating that Clearwater helps leading organizations like Pool Re make faster and more confident decisions.
Pool Re has adopted Clearwater's platform as its Investment Accounting Book of Record. This move allows for automated reporting and compliance monitoring, integrated performance measurement, and data-driven strategic decision making.
In addition to Pool Re, other prominent organizations such as Industrial Alliance Portfolio Management (IAPM), Versicherungskammer Group, and Caisse Centrale de Reassurance (CCR), a top reinsurer in France, have also chosen Clearwater Analytics to power their investment management, accounting, reporting, and analytics operations.
Clearwater's platform is being used by these organizations for advanced risk analytics, including scenario and shock analysis. This feature is expected to improve data quality, enhance decision-making processes, and better risk management for these companies.
Rich Roberts, Chief Finance and Investment Officer of Pool Re, praised Clearwater's platform, stating that it provides precision and speed for robust investment decision making. The implementation of Clearwater's platform at Pool Re is set to introduce sophisticated risk assessment capabilities to the organization.
While the exact details of how Clearwater Analytics' platform is being utilized by Pool Re are not yet fully disclosed, it is clear that this partnership marks a significant step forward in Pool Re's digital transformation journey.
- Pool Re's decision to adopt Clearwater Analytics' platform as its Investment Accounting Book of Record includes features for automated reporting, compliance monitoring, integrated performance measurement, and data-driven strategic decision making.
- Clearwater Analytics' technology platform is used by various organizations, like Pool Re, for advanced risk analytics, including scenario and shock analysis, which is expected to improve data quality, decision-making processes, and risk management.
- The partnership between Pool Re and Clearwater Analytics, focusing on enhancing Pool Re's investment accounting and reporting processes, is part of Pool Re's digital transformation journey, with Clearwater Analytics offering a comprehensive technology platform designed to streamline operations, eliminate manual processes, and provide comprehensive risk analytics from a single platform.
