Boise, Idaho (ots/PRNewswire) – The Insurance Fund Risk Awards recognize Clearwater’s excellence in IFRS 9 solutions
Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting and analytics solutions, today announced that it has been named an IFRS 9 Solution Provider of the Year for the second year in a row. This success reinforces Clearwater’s ability to manage complex financial statements and simplify complex processes for our customers.
With the Insurance Fund Risk Premiums Each year, outstanding technology companies in the field of insurance asset management are honored. Clearwater Analytics differentiates itself from other providers through its cloud-based SaaS platform and unique Client Services offering, which provides a strong foundation for supporting customers with their IFRS 9 plans or a global equivalent such as PSAK 71. The solution itself simplifies and streamlines financial reporting compliance for companies of all sizes.
“We are very honored by this award, which demonstrates our team’s deep understanding of IFRS 9 and our commitment to supporting our clients,” said Keith Viverito, Managing Director, EMEA and APAC at Clearwater Analytics ” Many in the industry are struggling with the implementation of IFRS 9 (International Financial Reporting Standard 9 Financial Instruments). Our ability to automate expected credit loss (ECL) allowances and provide comprehensive data management solutions is a testament to our investment in innovation and continued focus on our customers. success.”
One of the biggest challenges facing companies when complying with IFRS 9 is the loss of financial instruments, especially the ECL model. Companies constantly struggle with the availability and quality of data, estimation methods, situational analysis, documentation, auditability and ongoing monitoring and revaluation of financial instruments. Clearwater’s success in providing innovative solutions that directly address these challenges is a key factor in its industry-leading 60+ NPS score.
This award joins a growing list of industry accolades including the InsuranceAsia News Excellence Award for Technology Provider of the Year, the Chartis RiskTech Buyside 50 Spot for Investment Lifecycle – Assets Insurance / Pensions and the Captive Review Award for Software Solution of the Year. Each award confirms Clearwater’s commitment to improving data quality and operational efficiency for customers around the world.
Talk to our experts today and learn more about how Clearwater Analytics improves financial operations and IFRS 9 compliance strategy.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN) is an industry-leading international provider of SaaS solutions that automate the entire investment lifecycle. With a standalone, multi-tenant architecture, Clearwater offers award-winning solutions for investment portfolio planning, performance reporting, data collection, reconciliation, accounting, compliance, and risk and order management. Every day, leading insurers, asset managers, corporations and government agencies make efficient, realizable investments of more than $7.3 trillion using Clearwater’s trusted data. USD in assets. This includes both traditional and alternative investment methods. For more information about Clearwater, visit the company’s website at clearwateranalytics.com.
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Questions & Contact:
Claudia Cahill,
Head of the Communications and Public Relations Department,
+1 208-433-1200,
press@clearwateranalytics.com
