Case Studies

Clearwater is the new standard in investment portfolio accounting, reporting, and analytics for insurers of all types and sizes. The results are often transformative, and hundreds of insurers, including C.V. Starr & Co., Catalina Holdings, PacificSource Health Plans, Savings Bank Life Insurance Company of Massachusetts, SCF Arizona, The Main Street America Group, Tower Hill Insurance, and WellCare are able to run their insurance investment accounting and reporting operations with much more transparency, accuracy, and efficiency.

We invite you to review the case studies below to learn how companies like yours have transformed their insurance investment accounting, regulatory reporting, and portfolio management accounting processes with Clearwater:

The Guarantee Company of North America USA

ADOPTING A DIFFERENT WAY WITH CLEARWATER

The Guarantee’s U.S. investment accounting team report their internal financial statements on a Canadian GAAP basis and close their books on the last Friday of the month regardless of the calendar date. "One of the things we were up against was trying to get investment reporting completed in a timely fashion," said Sara Schrauben, Treasurer and Chief Financial Officer. See how Clearwater's web-based, investment portfolio reporting and analytics solution helps The Guarantee meet their unique investment challenges and streamline reporting to their parent company.

CopperPoint Mutual Insurance Company

OVERCOMING MORE THAN JUST EVERYDAY INVESTMENT
ACCOUNTING CHALLENGES

As the premier provider of workers’ compensation insurance for Arizona businesses and organizations, CopperPoint has nearly 25,000 workers’ compensation policyholders, representing more than 30 percent of the market in Arizona. CopperPoint needed a new investment accounting solution that could handle multiple reporting bases; provide a complete view of the portfolio; streamline accounting; unify a disparate set of systems and tools; simplify regulatory tracking; and ultimately deliver scalability in its investment and accounting operations.

ATTORNEYS LIABILITY PROTECTION SOCIETY

GROWTH DRAWS INSURER TO CLEARWATER’S SCALABLE INVESTMENT ACCOUNTING SOLUTION

Attorneys Liability Protection Society (ALPS), a provider of professional liability insurance products for attorneys across the U.S., needed a system that could transform its overly manual investment accounting process into one that was automated, accurate, and efficient. With plans for growth on the horizon, the insurer needed to be able to scale up its investment accounting and reporting process to handle new custody accounts and additional administrative requirements.

The Cumberland Insurance Group

HISTORIC INSURER WITH MODERN-DAY INVESTMENT CHALLENGES

Working with manual data entry and inefficient integration of multiple systems, along with a cumbersome reporting system and consistent delays at month- and quarter-end, Cumberland knew they had to find a better way. They were also looking for a solution that could provide personal customer support expertise, as well as efficiency. "Now that we have Clearwater investment accounting, we close and have all our investment processes in our accounting packages much earlier than before," said Neal Pierce, treasurer and director of finance for Cumberland. "Our quarterly process is much easier and simpler to work with."

ERIE AND NIAGARA INSURANCE ASSOCIATION

DISCOVERING A COMPLETE INVESTMENT ACCOUNTING SOLUTION

Erie and Niagara Insurance Association (ENIA), a farm, personal, and property casualty company in upstate New York, adopted Clearwater’s powerful investment accounting solution to streamline a complicated, disparate, and manual process to improve overall accounting accuracy and speed. Later, ENIA began using Clearwater’s robust investment analytics and reporting capabilities to prepare customized board and investment committee books, delivering a complete investment accounting and performance solution.

UNITED HERITAGE INSURANCE GROUP

DELIVERING HEALTHY RETURNS

The United Heritage investment team needed to streamline their efforts not only to drive yield, but also to ensure they stayed ahead of regulatory reporting, compliance monitoring and overall portfolio performance. Most importantly, they needed access to timely and accurate investment information to make informed decisions.

GROUP HEALTH COOPERATIVE

THE BIG PICTURE

When Group Health Cooperative changed its investment approach, it looked for an automated, integrated and consolidated solution. Since adopting the Clearwater system, GHC has been able to engage in very frank and informed discussions with its external asset managers. Determining impairments in the wake of the 2008 financial crisis was extremely difficult, based on the data they received from asset managers who were heavily allocated in security types that were ultimately impaired.