Clearwater and Southern Farm Bureau Casualty Insurance Company announced today that Southern Farm Bureau has selected Clearwater’s SaaS solution for investment data management, reconciliation, accounting, and reporting to provide validated portfolio data, investment book-of-record accounting, and transparent real-time portfolio reporting.
Southern Farm Bureau Casualty Insurance Company is a multi-line regional property and casualty insurance company with operations in Arkansas, Colorado, Florida, Louisiana, Mississippi, and South Carolina.
Clearwater will provide Southern Farm Bureau with automated and timely investment accounting journal entries and regulatory filings as well as flexible, on-demand reporting. Clearwater’s innovative data processing is driven by automation, ensuring investment data is accurate and available more quickly and efficiently at month-end. Southern Farm Bureau will also have a deeper level of transparency into its investment portfolio using Clearwater’s advanced performance and compliance analytics. Southern Farm Bureau can use this in-depth portfolio view to make strategic investment decisions with confidence.
“Clearwater is an impressive tool that will allow us to move to one solution we can rely on for accounting, regulatory reporting, and portfolio insight,” said Max Courtney, Senior Vice President and Chief Financial Officer at Southern Farm Bureau Casualty Insurance Company. “We were impressed with the capabilities we saw with Clearwater in terms of the level of detail and transparency into our portfolio, and we look forward to working with their team to determine how we can get the most out of the solution.”
“We are pleased to welcome Southern Farm Bureau Casualty Insurance Company to Clearwater. Southern Farm Bureau places an importance on innovative products and services to evolve with the insurance industry, which is something our firms have in common,” said Scott Erickson, Chief Operating Officer at Clearwater Analytics. “They join a growing network of Farm Bureau companies and more than 200 Southern-based insurers who trust Clearwater to stay on top of changing regulatory requirements and manage increasingly complex portfolios. Clearwater’s robust network of insurers gives us unique insight into the market and opportunities to create solutions that benefit all users.”