Chesapeake Insurance Implements Clearwater to Streamline Their Investment Accounting and Reporting

20-Jul-2016

Clearwater Partnership Brings Industry Expertise and Automation to Chesapeake’s Investment Accounting and Reporting

BOISE, ID – July 20, 2016 — Clearwater Analytics® announced today that Chesapeake Employers’ Insurance Company, an insurer specializing in workers’ compensation, has implemented Clearwater as their investment accounting, reporting, and analytics solution.

Chesapeake Employers’ Insurance is an industry-leading insurer and the largest writer of workers' compensation insurance in Maryland. They chose Clearwater after an extensive RFP process, focused on finding an investment accounting partner who could provide industry expertise as well as best-in-class support for specialized investments.

Clearwater provides Chesapeake with automated and validated investment accounting data, compliance monitoring, risk awareness, performance analysis, and regulatory reporting for their complex portfolio. The Clearwater solution has streamlined and increased efficiency across Chesapeake’s GL process, report customization abilities, and month-end close.

“We are very impressed with Clearwater’s forward-thinking approach. They offer us a true partnership, with an industry-leading solution and industry expertise. They are dedicated to the insurance industry, and we know the Clearwater system is an investment that will continue to pay off and increase in value,” said Frank Linardi, CFO of Chesapeake Employers’ Insurance.

Clearwater’s system will provide Chesapeake with:

  • An automated investment accounting and reporting solution
  • Integrated portfolio performance and risk analytics
  • Timely investment policy compliance monitoring
  • A user-friendly, web-based solution
  • Customized, automated, and specialized reporting capabilities
  • A world-class client services team providing proactive industry expertise
  • Seamless and scalable regulatory report integration for their global offices
  • Consistent investment data across multiple custodians and asset managers

“We are excited to partner with insurers like Chesapeake to help them streamline and automate their investment accounting and reporting processes,” said Mike Boren, Chief Operating Officer of Clearwater Analytics.

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About Clearwater Analytics

Clearwater Analytics® is the leading provider of web-based investment portfolio accounting, reporting, and reconciliation services for corporate treasuries, insurance companies, and asset managers. Clearwater aggregates, reconciles, and reports on more than $1.4 trillion in assets across thousands of accounts daily. For more than a decade, Clearwater has helped firms such as CopperPoint Mutual Insurance Company, Group Health Companies, The Main Street America Group, SBLI, C.V. Starr & Co., Sagicor, Wilton Re., and WellCare streamline their investment and accounting operations. Clearwater remains committed to continuous improvement and encourages insurers to rethink how they approach their investment accounting and reporting challenges.

About Chesapeake

Chesapeake provides Maryland businesses with a readily available source for workers' compensation insurance that features high quality products and services at a fair price; and protects workers and employers by championing workplace safety.

For more information, please contact

Cam Dufty, Lead Copywriter, Clearwater Analytics
cdufty@clearwateranalytics.com | +1 208 489 3908