Leading Singapore Insurer Adopts Clearwater to Automate Investment Accounting, Risk, Compliance, and Regulatory Reporting
SINGAPORE and BOISE, Idaho, March 7, 2024 – Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that leading general insurer MSIG Singapore has selected Clearwater Analytics to power its investment data management, portfolio analytics, and investment reporting operations. MSIG Singapore, part of MS&AD Insurance Group, is one of the leading general insurance companies in Singapore.
MSIG Singapore will leverage Clearwater’s single instance, multi-tenant technology platform to gain a comprehensive view of investment portfolio reporting and analytics. MSIG Singapore employees will benefit from having reconciled, consistent data at their fingertips to holistically view their entire investment portfolios. By having the flexibility to conduct digital reporting, investment teams and regional stakeholders will be able to comply with international reporting standards, including IFRS 9. As a result, MSIG Singapore users will be able to quickly close their books, comply with international reporting standards, reduce costs, and free their time to focus on managing their portfolios and perform other higher-value functions.
“Our partnership with Clearwater Analytics signifies a crucial step in our commitment to excellence and adherence to global reporting standards,” said Chock Ker Ching, Senior Vice President and Head of Finance, MSIG Singapore. “With Clearwater’s advanced technology, we anticipate not only meeting but exceeding our reporting and compliance objectives. Adopting the Clearwater platform aligns with our vision to be at the forefront of innovation within the insurance industry.”
“We’re excited to welcome MSIG Singapore to our growing client community across Asia,” said Shane Akeroyd, Chief Strategy Officer and President, Asia Pacific at Clearwater Analytics. “We believe our relentless focus on client success and innovation attracts industry leaders like MSIG Singapore that require superior technology to power the kind of reporting needed for today’s complex, ever-changing regulatory environment.”
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