Clearwater Analytics Wins InsuranceAsia News Excellence Award for Second Consecutive Year

Rhea-AI Summary

Clearwater Analytics (CWAN) has been recognized by InsuranceAsia News as the winner of the Technology Provider of the Year Excellence Award for the second year in a row. The company's SaaS solution consolidates multi-asset portfolio data, enhances data quality, reduces management costs, and eliminates manual reconciliation processes for insurers. Clearwater's commitment to reinvesting 25% of revenue into research and development positions them to capitalize on emerging technologies, including generative AI. The company has received several industry awards, highlighting its competitive advantage, data quality improvements, and efficiencies delivered to clients.

InsuranceAsia News Recognizes Clearwater Analytics' Excellence in Investment Management Technology

BOISE, Idaho and SINGAPORE, Jan. 29, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that InsuranceAsia News has named Clearwater Analytics the winner of the Technology Provider of the Year Excellence Award for the second year in a row.

The InsuranceAsia News Excellence Awards celebrate the best firms in the Asia Pacific (re)insurance market, recognizing those companies for their exceptional solutions, innovation, and commitment to their customers. These awards highlight leaders like Clearwater Analytics who play a crucial role in helping insurers achieve efficiency, analytical superiority, and leverage new technologies to future-proof their business and the industry.

"Clearwater Analytics is leading the charge in driving efficiency and automation across the investment lifecycle for insurance providers worldwide," said Shane Akeroyd, Chief Strategy Officer and President, Asia Pacific at Clearwater Analytics. "This recognition is more than an honor – it's an inspiration. It fuels our commitment to continue pioneering state-of-the-art investment management solutions for insurers."

Trusted by insurers around the world, the Clearwater SaaS solution consolidates multi-asset portfolio data from across various sources while providing accurate accounting and reporting capabilities. Insurers benefit from Clearwater's exceptional data aggregation, validation, and reconciliation software, which enhances data quality, reduces data management costs, and eliminates time-consuming manual reconciliation processes.

Our commitment to reinvesting approximately 25% of revenue into research and development positions us to capitalize on emerging technologies. Our dedicated engineering teams drive innovation to accelerate growth and improve operational efficiency. An example of this commitment is our pioneering work on leveraging generative AI technology that will enable clients to engage with their data in a conversational manner.

This award adds to Clearwater's growing list of industry recognition, which includes being named the Chartis RiskTech Buyside Investment Lifecycle award winner, the 2023 Captive Review award winner for Software Solution of the Year, and Insurance Asset Risk Award for IFRS 9 Solution Provider of the Year. These awards underscore the competitive advantage, significant data quality improvements, and remarkable efficiencies the Clearwater platform delivers to its clients.

To learn about what Clearwater is doing for its Asia Pacific clients, talk to an expert today.

About Clearwater Analytics

Clearwater Analytics (NYSE: CWAN), a global, industry-leading SaaS solution, automates the entire investment lifecycle. With a single instance, multi-tenant architecture, Clearwater offers award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Each day, leading insurers, asset managers, corporations, and governments use Clearwater's trusted data to drive efficient, scalable investing on more than $6.4 trillion in assets spanning traditional and alternative asset types. Additional information about Clearwater can be found at clearwateranalytics.com.

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SOURCE Clearwater Analytics

FAQ

What award did InsuranceAsia News give to Clearwater Analytics?

InsuranceAsia News recognized Clearwater Analytics with the Technology Provider of the Year Excellence Award for the second year in a row.

What does Clearwater Analytics' SaaS solution offer to insurers?

Clearwater Analytics' SaaS solution consolidates multi-asset portfolio data, enhances data quality, reduces management costs, and eliminates manual reconciliation processes for insurers.

How much of its revenue does Clearwater Analytics reinvest into research and development?

Clearwater Analytics reinvests approximately 25% of its revenue into research and development.

What emerging technology is Clearwater Analytics working on?

Clearwater Analytics is pioneering work on leveraging generative AI technology that will enable clients to engage with their data in a conversational manner.

What other industry awards has Clearwater Analytics received?

Clearwater Analytics has been named the Chartis RiskTech Buyside Investment Lifecycle award winner, the 2023 Captive Review award winner for Software Solution of the Year, and Insurance Asset Risk Award for IFRS 9 Solution Provider of the Year.