Client SuccessKnights of Columbus
Proactive Updates and Industry Expertise
With Clearwater’s web-based platform, the Knights of Columbus gain in-depth visibility into their risk, compliance, and performance. Clearwater also enables the Knights of Columbus to seamlessly incorporate new initiatives with no burden on internal IT teams or end-users.
Market / Insurers
The Knights of Columbus is a Catholic fraternal service with more than two million global members. They have an investment portfolio of $28 billion in assets under management (AUM).
Headquarters: New Haven, Connecticut
Assets Under Management: $28B
Website: https://www.kofc.org/en//index.html
$28
billion in AUM
2
million members
$121
billion of life insurance policies in force
Challenges
- Investment accounting and reporting system bogged down by time-consuming workarounds
- Costly upgrades and delays on their legacy system were holding them back
- Complex investment strategy required a more streamlined system
Results
- Streamlined implementation that doesn’t slow down the team
- Flexible web-based system with proactive enhancements and upgrades
- Automated daily reconciliation that delivers timely, accurate, and up-to-date investment data
“Clearwater stayed in control and on track throughout the project, even though it was very complex. They did a good job of keeping everyone up-to-date. We really value the amount of time and effort Clearwater puts into staying ahead of the curve, rather than sitting back and waiting.”
