Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has been selected by international asset manager, M&G Investments, as its SaaS-based investment accounting solution.
Clearwater’s solution provides M&G Investments with timely, accurate, and comprehensive investment accounting and reporting.
The platform will automate both investment management and regulatory reporting and will support the complex needs of M&G’s global insurance clients.
The asset manager’s insurance clients will gain access to the M&G web portal and rely on Clearwater PRISM for monthly report generation. Clearwater explains that this automated investment reporting system provides clients with a complete view of their investments, enabling them to meet complex multi-basis accounting requirements.
Clearwater will also streamline the delivery of monthly investment board packages created by M&G, improving the process with greater efficiency, timeliness, and accuracy.
Russell Lee, M&G’s Head of Insurance Solutions, commented: “As insurers face increasingly complex challenges in managing their investment portfolios, we recognise the importance of providing robust, innovative technical solutions that keep pace with evolving regulatory change.”
“Clearwater’s enhanced capabilities will also allow us to expand our Insurance Solutions footprint in international markets experiencing strong growth in insurance and reinsurance, while also providing clients with greater access to M&G’s compelling public and private markets investment expertise. Clearwater will be a valuable partner in enabling us to provide our clients with the exceptional service they require,” he added.
Keith Viverito, General Manager of EMEA and APAC at Clearwater Analytics, said: “As insurance regulatory requirements become increasingly complex, we are dedicated to enhancing our platform’s capabilities to provide asset managers and insurers with a best-in-class investment accounting and reporting solution.
“M&G’s insurance clients will experience the benefits of a consolidated view of their portfolio investments. They will also have the flexibility to address unique reporting challenges across different regulatory regimes leveraging modern best-in-class technology and workflows. We are thrilled to have been selected by M&G and look forward to collaborating with them to transform the underlying technology supporting their insurance solutions group.”
