Media Coverage

We have talked to Martin Wallmann (Managing Director for the DACH region at Clearwater Analytics) about Software-as-a-Service for financial services providers. The topics of our conversation included scalability and automation, the strategic benefits of outsourcing, client centricity, and the transformation of the market over the next few years.

The last decade has seen several enterprises experimenting with cloud technologies. The pandemic over the last two years has significantly accelerated cloud adoption, in part due to the surge of remote work and many organizations facing major operational resilience challenges in the early days of the pandemic. According to the findings of the Oracle KPMG Cloud Threat Report, almost 90 percent of organizations said they use SaaS and 76 percent said they use IaaS. Further, 50 percent said they expect to move all their data to the cloud in the next couple of years.

Over a third of insurers in Europe with assets over $500 million are concerned about regulatory constraints relating to investment in non-traditional assets, research suggests.A survey of 1,000 insurance investment and accounting professionals in the Europe, Middle East and Africa region found the top five asset classes for insurers in 2021 were private placements, private funds, mortgage loans, equity ETFs, and bond ETFs.

Clearwater Analytics, a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced key findings from its 2021 Insurance Investment Survey Report. Clearwater’s survey report features data from more than 1,000 respondents, revealing insurers’ continuing shift toward non-traditional assets, their growing use of external managers, and the related urgency around deploying cutting-edge technologies to provide transparency and trusted accounting data, among other findings.

Souvik Das, Chief Technology Officer of Clearwater Analytics, was captivated by computers since he was a youngster. Surprisingly, being the son of an ENT surgeon, his interest in technology arose from his surroundings in the tech-evolving outside world.

Clearwater Analytics has appointed Sai Perry as head of solutions, Europe and Asia. Based in London, Perry will report to Gayatri Raman, president of Europe and Asia. Perry will be responsible for creating solutions to help clients streamline and future proof their operating models. Prior to Clearwater Analytics, Perry was director at PwC in London, where he set up and led the asset management technology team that serviced clients globally.

The asset management industry is filled with firms relying on outdated, legacy technologies. While companies may have gotten by in the past, the pandemic and remote working have exposed the inconvenience of these expensive and inaccessible on-premise infrastructures. Working from home had meant that these employees struggled to access critical data and applications, disrupting businesses at an already volatile time.

Privately held Boise software company Clearwater Analytics got a huge boost when its initial public offering debuted Friday on the New York Stock Exchange. Clearwater shares opened 32% higher, at $23,75, than the IPO price of $18 per share. It led to a valuation of the company at $5.5 billion. Earlier, private-equity firm Welsh Carson Anderson & Stowe, the company’s majority owner, expected an IPO price of only $14 to $16 a share.