Clearwater Analytics has announced that Pool Re will transition from using a custodian-based model to its investment accounting and reporting platform.
Pool Re will leverage Clearwater’s single instance, multi-tenant platform to streamline and modernise its finance and investment processes. The adoption of Clearwater will enable Pool Re to achieve highly efficient monthly close processes and empower all departments with timely and accurate data. The scalability and flexibility of the Clearwater platform will also enable Pool Re to rapidly adapt to evolving market dynamics and HM Treasury reporting requirements.
“Clearwater Analytics’ investment accounting and reporting platform will significantly improve the timeliness and accuracy of our data and enable strategic decision making,” said Tom Clementi, CEO at Pool Re.
“Adopting Clearwater Analytics is a big step forward in modernising our investment operations to better serve our members and the broader UK insurance market.”