Clearwater Sets Record Quarter in Insurance Market

07-Aug-2012

World-Class Investment Reporting and Analytics Software Provider Adds Record Number of New Clients; is Poised to Exceed Growth Goals in Pivotal Insurance Market


BOISE, IDAHO—August 7, 2012 —Clearwater Analytics®, a leading provider of web-based investment accounting and reporting solutions for insurance companies, corporate treasuries, and asset managers, announced today that it had its best-ever quarter, signing a record number of new insurance clients. Clearwater now has over 125 insurance clients who have adopted its web-based investment accounting and analytics solution since 2009.

While this growth is important, the company is firmly committed to maintaining its high level of client satisfaction. In a recent Clearwater user survey, over 95% of clients were “extremely satisfied” or “satisfied” with Clearwater’s service offering.

“Insurers are using Clearwater because it gives them a powerful sense of control and transparency into their entire investment process,” said Tyler Haws, Director of Sales at Clearwater. “It allows them to build more efficient and accurate accounting processes; integrate accounting with investment analytics; gain independent and timely compliance monitoring; and receive indispensable customer service and expertise.” 

The company is focused on the insurance market and is continually investing resources to remain the premier investment accounting and reporting solution for insurers both domestically and abroad. With the increased demand for Clearwater’s services by insurance companies globally, Clearwater will be opening its European offices later in 2012. 

“We did not become the standard for web-based investment reporting and analytics overnight,” said Dave Boren, CEO of Clearwater. “Our success is the result of a sustained focus on delivering a superior solution to real customer challenges, and our dedication to excellent customer service. The fact that we have signed a record number of new insurance clients in the past quarter means that more and more people are recognizing the value of Clearwater, and that our focus is starting to pay off.”

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About Clearwater Analytics 

Clearwater Analytics® provides web-based investment accounting and portfolio reporting and analytics for corporate treasuries, insurance companies, and asset managers. Clearwater’s daily-aggregated and reconciled solutions deliver the highest level of portfolio transparency available on the market today for insurance clients such as Group Health Companies, The Main Street America Group, Savings Bank Life Insurance Company of Massachusetts, CopperPoint, The Warranty Group, and WellCare. Launched in 2004, with offices in New York, New York; Boise, Idaho; and Edinburgh, U.K., Clearwater Analytics reports on more than $1 trillion in assets for thousands of institutional investors. For more information about Clearwater Analytics, visit www.clearwateranalytics.com.