Implementation Supports AUM Strategy and Lloyd's
Reporting
BOISE,
Idaho and LONDON,
June 21,
2023 /PRNewswire/ -- Clearwater Analytics (NYSE:
CWAN), a leading provider of SaaS-based investment management,
accounting, reporting, and analytics solutions, today announced
that Apollo, a leading Lloyd's insurer with $500 million in AUM, has chosen Clearwater to automate and streamline their
investment accounting processes, including data aggregation, trade
reconciliation, and reporting on a single integrated platform.
Apollo is an independent specialist (re)insurer and service company
dedicated to providing high quality products and services to
clients, brokers, and capital partners at Lloyd's.
After a review of the available solutions in the market,
Clearwater Analytics was selected as the preferred solution to
enable efficient AUM growth and mitigate risk. Clearwater also significantly enhances the
accuracy of Apollo's regulatory reporting processes. With automated
aggregation, reconciliation, and reporting, Apollo will experience
a more streamlined, efficient close and a better Lloyd's reporting
process, allowing them to focus more on strategic initiatives and
value-added activities.
"We're pleased to be working with Clearwater Analytics as we
continue our growth trajectory," said Taryn
McHarg, CFO of Apollo. "Clearwater is expected to automate our manual
processes and provide a daily comprehensive view of the entire
portfolio across all asset classes. Clearwater Analytics'
commitment to innovation and their track record of delivering
superior investment accounting software and services make them the
ideal long-term partner for our evolving needs."
"We're thrilled to welcome Apollo to the Clearwater community," said Scott Erickson, Chief Revenue Officer at
Clearwater Analytics. "We continue to see significant demand for
our unique and powerful offerings from many insurers, including the
majority of Lloyd's syndicates. Our solutions provide a single pane
of glass to understand underlying data across investment portfolios
and support Lloyd's reporting as well as Solvency II, IFRS 9, and
others. Navigating the dynamic investment landscape and growing
your business are simple to do with Clearwater at your fingertips."
To learn about Clearwater's
investment accounting software, talk to one of our experts
today.
About Apollo
Apollo is an independent specialist (re)insurer and service
company dedicated to providing high quality products and services
to clients, brokers, and capital partners at Lloyd's. Apollo's wide
range of products puts Apollo in a unique position where Apollo's
entrepreneurial approach and service excellence delivers creative
and flexible solutions for its clients and partners all in one
place. Additional information about Apollo can be found at
apollounderwriting.com.
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