BOISE, Idaho, July 6, 2023 /PRNewswire/ -- Clearwater Analytics
(NYSE: CWAN), a leading provider of SaaS-based investment
management, accounting, reporting, and analytics solutions, today
announced that Aviva went live April 1,
2023 on the Clearwater
platform as the comprehensive solution for its investment
accounting operations and regulatory reporting.
Aviva is a leading UK provider of insurance, wealth and
retirement products with franchises in Ireland and Canada serving over 18 million customers in
the UK, Ireland and Canada and manages group assets of more than
£350 billion. The company has a diversified business model focused
on developing long-term relationships with its customers and
serving them across the full range of their insurance, wealth and
retirement needs.
After conducting a thorough review of solution providers in the
market, Aviva selected Clearwater
for its fully automated investment data aggregation,
reconciliation, and accounting platform, as well as for its
flexible, modern user experience. The key benefit to Aviva is a
modern technology platform providing an integrated, single source
of truth for its entire investment portfolio.
"Being previously reliant on multiple legacy investment
reporting models, we required a consolidated and reliable
investment accounting and reporting solution," said Jonny Lee, Finance & Investment Operations
Director at Aviva. "Clearwater's
single instance, multi-tenant architecture delivers a clear
advantage for us in terms of speed, flexibility, and transparency.
The consolidation of all our investment data in one view allows us
to manage risk, measure performance, and meet our regulatory
reporting responsibilities efficiently, accurately and timely."
"We are excited Aviva has chosen to partner with us. We have
provided them with the technology to help deliver their mission and
business goals going forward," said Subi
Sethi, Chief Client Officer at Clearwater Analytics.
"Through our unique SaaS model and multi-asset service platform,
Aviva will be able to further optimize their business model, reduce
costs, enable sustainable growth, and ensure compliance with
increasingly complex regulatory reporting requirements. This aligns
well with Aviva's strategic priorities, and we look forward to
growing our relationship with them."
To learn more about Clearwater Analytics, speak to an expert
today.
About Aviva
We are one of the UK's leading Insurance, Wealth &
Retirement businesses and we operate in the UK, Ireland and Canada. We also have international investments
in India, China and Singapore.
We help our 18.7 million customers make the most out of life,
plan for the future, and have the confidence that if things go
wrong we'll be there to put it right.
We have been taking care of people for more than 325 years, in
line with our purpose of being 'with you today, for a better
tomorrow'. In 2022, we paid £23.2 billion in claims and benefits to
our customers.
Aviva is a market leader in sustainability. We have a goal to
make 10 million people more resilient to climate, financial and
health shocks between 2020 and 2025. Find out more about our
community goals and action at
www.aviva.com/sustainability/communities.
For more details on what we do, our business and how we help our
customers, visit www.aviva.com/about-us.
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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