Clearwater Analytics Partners With Pool Re to Support its Investment Accounting and Reporting Processes

Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Pool Re, Britain’s government-backed terrorism reinsurer with funds of £7.0bn, will transition from using a custodian-based model to Clearwater’s market leading investment accounting and reporting platform.

Pool Re will leverage Clearwater’s single instance, multi-tenant platform to streamline and modernize their 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 modernizing our investment operations to better serve our members and the broader UK insurance market.”

“Choosing the Clearwater platform means Pool Re isn’t just keeping pace – they’re setting it,” said Keith Viverito, General Manager of EMEA and APAC at Clearwater Analytics. “We’re delighted to expand our significant UK market presence through our collaboration with Pool Re, a leading specialty re-insurance provider that plays an important role in the UK economy and is an arm’s length part of HM Treasury.”