Clearwater Analytics Launches Insurance Offering

Clearwater Analytics, a Boise, Idaho-based provider of Web-based reporting and analytics for corporate treasury departments, has announced Insurance Analytics, a new offering to address insurance companies' investment reporting needs.

The new solution leverages Clearwater's technology platform to provide visibility and transparency across multiple portfolios, asset classes, security types and currencies. It allows investors to view their entire investment portfolio and monitor risk exposure, compliance violations, financial accounting statements and investment performance.

The insurance-specific solution aggregates and independently verifies investment information on a daily basis and delivers GAAP and statutory reports. Automated financial statements are prepared in accordance with Financial Accounting Standards Board (FASB) guidelines and National Association of Insurance Commissioners (NAIC) standards, according to a press release.