Through this collaboration, Pool Re will transition from a custodian-based model to Clearwater’s advanced investment accounting and reporting platform.
Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics serves a diverse range of clients, including insurance companies, asset managers, corporations, banks, and governments. The company is renowned for its automated investment, accounting, and comprehensive reporting solutions.
The partnership will leverage Clearwater’s single-instance multi-tenant platform to streamline Pool Re’s finance and investment processes. This will enable Pool Re to achieve highly efficient monthly close processes and provide all departments with timely and effective data. The scalability and adaptability of the Clearwater platform will also allow Pool Re to respond to rapidly evolving market dynamics and HM Treasury reporting regulations.
Clearwater’s platform offers multiple benefits, including automated portfolio accounting, daily compliance monitoring, performance tracking, and risk analytics. These tools are designed to meet the complex needs of institutional investors and provide actionable insights and reporting capabilities. Pool Re’s decision to adopt Clearwater Analytics reflects recent trends among institutional investors towards advanced SaaS solutions to enhance operational capabilities and investment management efficiency.
Tom Clementi, CEO at Pool Re, commented: “Clearwater Analytics’ investment accounting and reporting platform will significantly improve the timeliness and accuracy of our data and enable strategic decision-making. Adopting Clearwater Analytics is a big step forward in modernising our investment operations to better serve our members and the broader UK insurance market.”
Keith Viverito, General Manager of EMEA and APAC at Clearwater Analytics, added: “Choosing the Clearwater platform means Pool Re isn’t just keeping pace – they’re setting it. We’re delighted to expand our significant UK market presence through our collaboration with Pool Re, a leading specialty reinsurance provider that plays an important role in the UK economy and is an arm’s length part of HM Treasury.”
