Client SuccessAviva
A Comprehensive Solution for Investment Accounting Operations and Regulatory Reporting
Aviva uses Clearwater for its fully automated investment data aggregation, reconciliation, and accounting platform, as well as for its flexible, modern user experience. The Clearwater solution gives Aviva a modern technology platform with an integrated, single source of truth for its entire investment portfolio.
Market / Insurers
Aviva is a leading UK provider of insurance, wealth and retirement products with franchises in Ireland and Canada, with a diversified business model focused on developing long-term relationships with its customers and serving them across the full range of their insurance, wealth and retirement needs.
Headquarters: London, United Kingdom
Assets Under Management: £350B
Website: https://www.aviva.com/
£350
billion in AUM
18
million customers
£9.1
wealth net flows
Challenges
- Reconciliation and data validation from disparate sources and systems
- Needed a scalable operational platform
- Wanted a single source of truth for the entire investment portfolio
Results
- A modern technology platform provides an integrated, single source of truth for the entire investment portfolio
- Operational efficiency and risk management eliminated the need for manual aggregation, reconciliation and data validation from different sources and systems
- A ‘single pane of glass’ provides a holistic view of the entire investment portfolio to enable streamlined reporting and timely decision-making
- A scalable operational platform with automated controls reduces costs and optimizes risk assessment, capital calculations, and regulatory reporting
“Clearwater's single instance, multi-tenant architecture delivers a clear advantage for us in terms of speed, flexibility, and transparency. The consolidation of all our investment data in one view allows us to manage risk, measure performance, and meet our regulatory reporting responsibilities efficiently, accurately and timely.”
