French reinsurer Caisse Centrale de Réassurance (CCR) has selected Clearwater to power its entire investment management processes and streamline its unlisted assets workflow.
CCR is a state-owned reinsurer that provides insurance companies operating in France with state-guaranteed coverage against natural disasters and other exceptional risks in the public interest.
The French reinsurer chose Clearwater, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to replace its legacy investment platform and streamline its operating model.
According to the announcement, key factors for this decision include Clearwater’s successful track record and comprehensive full lifecycle coverage, from support of trading to investment accounting.
As well as the readiness of the Clearwater platform to support French regulation requirements and local best practices.
“Clearwater meets our operational, regulatory, and investment needs, and gives us the capabilities to consolidate our assets, automate our processes, and optimize our performance,” said Damien Dronsart, Chief Information Officer at CCR. “Partnering with a renowned investment management SaaS provider will give us the robust investment management platform to achieve our goals.”
Clearwater offers a modular end-to-end solution for insurers and asset management firms seeking complete functional coverage for their front-, middle-, and back- office investment operations.
The solution delivers a unified, full investment lifecycle to perform portfolio management, order management, pre- and post-trade compliance, portfolio administration, performance, data management, investment accounting, and reporting.
Emmanuel Fougeras, President of JUMP Technology and a member of the Clearwater Analytics leadership team, commented: “We’re thrilled to welcome Caisse Centrale de Réassurance to Clearwater. Clearwater delivers a comprehensive solution that goes beyond front-office and investment accounting.
“CCR will benefit from a multi-asset solution across multiple portfolios, in both traditional and alternative assets. Our clients are adding Clearwater to their stack and deriving tremendous strategic value from having a sustainable, scalable management solution at their fingertips.”
