Cayman Island-based reinsurer Aureum Re has selected Clearwater Analytics’ web-based solution and services for investment data aggregation, reconciliation, accounting, reporting, and other daily processing.
The company, which was established in 2016 and focuses on the reinsurance of fixed and indexed annuities issued by US-domiciled insurers, says that leveraging the technology and daily servicing provided by Clearwater is crucial in ensuring an efficient, accurate, and data-driven client offering.
“To achieve our goals and maintain scale, we knew we required a best-in-class investment accounting/reporting solution. We simply needed a more streamlined and automated tool than our current process could provide,” said Jim Owen, Chief Financial Officer at Aureum Re.
“We found Clearwater through a thorough evaluation process and the partnership has been productive from the start. Our whole team uses Clearwater and we utilize the dashboards for investment committee and board reporting.
“It’s use for our firm is highly beneficial given that we are a spread business which requires active monitoring of our investment portfolios. The software and service team has delivered on its promises.”
Clearwater is a global Software as a Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting.
“Aureum coming on as a client represents an exciting opportunity for both firms. We’ve focused on growing our business globally and in doing so have found that the advantages of our true SaaS-based model provide value regardless of geography,” said Scott Erickson, Chief Operating Officer at Clearwater.
“We’ve built out a strong team of experts to act as an extension of Aureum and seamlessly integrate with their team, as they grow. We look forward to being an active participant in the Cayman domicile for years to come.”
