Clearwater Analytics announced that Global Atlantic Financial Group has selected Clearwater as its provider of investment data management, accounting, and reporting.
Read More: M Financial Group Licenses FAST Software to Enable New Digital Ecosystem for Member Firms
“This is a technology that will create key opportunities — rather than apply limitations — to our investment team,” said Kim Lee, CFO at Global Atlantic.
Global Atlantic is a leading U.S. retirement and life insurance company focused on helping Americans fulfill their protection, accumulation, income, wealth transfer, and end-of-life needs. Clearwater will bring its spirit of innovation to Global Atlantic’s oversight and analysis of their investments.
Read More: SIMON Markets LLC and Raymond James Launch New Strategic Partnership for Annuities
With its automated software-as-a-service (SaaS) solution, Clearwater will create major efficiencies in Global Atlantic’s processes for producing accurate investment accounting and performance data, and the strategic analysis it facilitates. The solution is suited to the particular needs of Global Atlantic’s portfolio approach, providing flexible accounting assumptions, support for complex and emerging asset classes, and truly global capabilities for currencies, accounting bases, and regulatory reporting requirements.
“This is a technology that will create key opportunities — rather than apply limitations — to our investment team,” said Kim Lee, CFO at Global Atlantic. “Clearwater’s sophisticated automation and data capabilities will allow our team to have everything they need as our investment volumes grow, and its expertise in investment accounting and reporting will allow us to access new and attractive asset classes.”
