LONDON — Clearwater announced today that Chaucer has selected Clearwater’s SaaS solution for investment data consolidation, portfolio accounting, bespoke reporting, and Lloyd’s regulatory reporting.
Chaucer is a leading specialty insurance group providing clients with proven smart risk solutions for underwriting and claims. Based in London, with hubs in Europe, Latin American, and Asia, Chaucer has more that 95 years of experience in the financial markets. Chaucer is supported by China Re, a global top-10 reinsurance company.
The partnership will create efficiencies through automation across Chaucer’s investment accounting and reporting operations. Crucially, Clearwater will provide Lloyd’s reporting capabilities from day-one. Clearwater has considerable servicing expertise in this market and provides automated reporting to 28 Lloyd’s managing agencies.
“We have been familiar with Clearwater’s impressive offering for quite a while,” said Simon Tighe, Head of Investments & Treasury at Chaucer. “And the time was exactly right for us to take Clearwater’s investment accounting and reporting solution. They will provide invaluable additional Lloyd’s expertise and processing capabilities to Chaucer, which will enable us to continue to operate smoothly as our business grows.”
Clearwater’s automation-based solution aggregates, reconciles, validates, and enriches clients’ investment data on a daily basis. This clean and accurate data facilitates digital-ready reporting and efficient regulatory schedule creation for a variety of global requirements, including Lloyd’s, Solvency II, IFRS, and many others.
“Multi-national companies like Chaucer have increasingly complex reporting requirements,” said Gayatri Raman, Managing Director for International Markets at Clearwater. “That is why it is so valuable that Clearwater provides out-of-the-box standard regulatory reporting for the UK, US, and other global markets. Our automated solution enables growing firms to expand their footprints without significantly increasing their accounting and reporting personnel.”
We are a leading specialty (re)insurance group providing clients with proven smart risk solutions for underwriting and claims. Our enterprising and trusted experts offer market leading cross class capabilities, empowered decision-making and a tailored approach.
With our headquarters in London, and our international hubs for Europe, MENA, Latin America and Asia, we protect clients in over 200 countries and territories worldwide.
We offer clients the flexibility of both Lloyd’s and, through Chaucer Dublin, the company markets. Chaucer Dublin is rated A (AM Best) through China Re.
Our dedicated claims team completes our underwriting proposition, epitomising the capabilities required to handle even the most complex incident. We provide a first class claims service and most importantly, pay valid claims promptly. Gracechurch, the sector leading insurance research company and independent authority on London market performance, recognises our claims service as ‘outstanding’.
Our clients also benefit from the support of our parent company, China Re, a leading reinsurer in China, and one of the top 10 reinsurance companies in the world, which maintains excellent security ratings from A.M. Best and Standard & Poor’s. China Re is listed on the Hong Kong stock exchange (1508.HK).
For more information, please visit chaucerplc.com
About Clearwater Analytics
Clearwater Analytics is a global SaaS solution for automated investment data aggregation, reconciliation, accounting, and reporting. Clearwater helps thousands of organisations make the most of their investment portfolio data with a world-class product and client-centric servicing. Clearwater offers a full complement of middle- and back-office solutions like trade confirm/affirm, client billing, composite management, client statements, and more.
Each day, the Clearwater solution reports on more than $4 trillion in assets for clients that include Arch Capital, AXA Art Insurance, Catalina Holdings, Cisco, Convex Group, Facebook, FBD Insurance, Garmin, J.P. Morgan, London & Capital, Oracle, Starbucks, Spotify, Unum Group, and many others.
Since its founding in 2004, Clearwater has provided a cloud-native solution that helps investors make the most of their data. Investment professionals in more than 49 countries trust Clearwater to deliver timely, validated investment data and in-depth reporting.
Additional information about Clearwater can be found at www.clearwater-analytics.com
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