Clearwater Analytics and Pool Re team up for better reporting.

TLDR:

• Clearwater Analytics partners with Pool Re to support its investment accounting and reporting processes.
• Pool Re will transition to Clearwater’s platform to streamline finance and investment processes, achieving efficient monthly close processes and accurate data.

Clearwater Analytics, a leading provider of investment management solutions, announced a partnership with Pool Re, Britain’s government-backed terrorism reinsurer. Pool Re, with funds of £7.0bn, will transition to Clearwater’s investment accounting and reporting platform from a custodian-based model.

This move will enable Pool Re to modernize and streamline its finance and investment processes, leading to highly efficient monthly close processes and timely, accurate data for all departments. The scalability and flexibility of Clearwater’s platform will also allow Pool Re to adapt quickly to market dynamics and HM Treasury reporting requirements.

According to Tom Clementi, CEO of Pool Re, adopting Clearwater Analytics will significantly improve data accuracy and timeliness, enabling better strategic decision-making. Keith Viverito, General Manager of EMEA and APAC at Clearwater Analytics, expressed delight at the collaboration, emphasizing that by choosing Clearwater, Pool Re is not just keeping pace, but setting it.

This partnership highlights the importance of modernizing investment operations in the insurance industry to better serve market needs and regulatory requirements. Clearwater Analytics continues to expand its presence in the UK market through collaborations with leading providers like Pool Re.