Leading Singapore Insurer Adopts Clearwater to
Automate Investment Accounting, Risk, Compliance, and Regulatory
Reporting
SINGAPORE, March 7,
2024 /PRNewswire/ -- Clearwater
Analytics (NYSE: CWAN), a leading provider of SaaS-based
investment management, accounting, reporting, and analytics
solutions, today announced that leading general insurer MSIG
Singapore has selected Clearwater Analytics to power its investment
data management, portfolio analytics, and investment reporting
operations. MSIG Singapore, part of MS&AD Insurance Group, is
one of the leading general insurance companies in Singapore.
MSIG Singapore will leverage Clearwater's single instance,
multi-tenant technology platform to gain a comprehensive view of
investment portfolio reporting and analytics. MSIG Singapore
employees will benefit from having reconciled, consistent data at
their fingertips to holistically view their entire investment
portfolios. By having the flexibility to conduct digital reporting,
investment teams and regional stakeholders will be able to comply
with international reporting standards, including IFRS 9. As a
result, MSIG Singapore users will be able to quickly close their
books, comply with international reporting standards, reduce costs,
and free their time to focus on managing their portfolios and
perform other higher-value functions.
"Our partnership with Clearwater Analytics signifies a crucial
step in our commitment to excellence and adherence to global
reporting standards," said Chock Ker Ching, Senior Vice President
and Head of Finance, MSIG Singapore. "With Clearwater's advanced
technology, we anticipate not only meeting but exceeding our
reporting and compliance objectives. Adopting the Clearwater
platform aligns with our vision to be at the forefront of
innovation within the insurance industry."
"We're excited to welcome MSIG Singapore to our growing client
community across Asia," said
Shane Akeroyd, Chief Strategy
Officer and President, Asia
Pacific at Clearwater Analytics. "We believe our relentless
focus on client success and innovation attracts industry leaders
like MSIG Singapore that require superior technology to power the
kind of reporting needed for today's complex, ever-changing
regulatory environment."
To learn more about Clearwater Analytics, speak to an expert
today.
About MSIG Insurance
A leading general insurer with a local presence of over 100
years, MSIG Singapore offers an extensive range of insurance
solutions for commercial and personal risk protection, enabling the
security and safety of individuals and businesses. MSIG Singapore
holds an A+/Stable financial rating by Standard & Poor's.
A testament to its growing strength and influence, MSIG
Singapore has garnered numerous awards for delivering digitally
innovative and customer-centric solutions.
MSIG is a subsidiary of Mitsui Sumitomo Insurance Co., Ltd, and
a member of the MS&AD Insurance Group – one of the largest
general insurance groups in the world with presence in 50 countries
and regions globally, 18 of which are in Asia Pacific including all ASEAN markets as
well as in Australia, New Zealand, China, Hong
Kong, Taiwan, South Korea and India. Headquartered in Japan, MS&AD is amongst the top non-life
insurance groups in the world based on gross revenue.
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 $7.3 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