To address the nuanced investment reporting needs of insurance companies and private wealth investors,
Each solution harnesses Clearwaters scalable technology platform to provide visibility and transparency across multiple portfolios, asset classes, security types and currencies. Investors have access to a view of their entire investment portfolio to monitor risk exposure, compliance violations, financial accounting statements and investment performance. Investors have the ability to drill down to the tax lot level information underlying the reporting and analytics to view specific security characteristics. Clearwaters platform provides investors with the technology tools and the business intelligence they need to:
Automate inefficient manual processes and free-up resources
Identify and assess risk exposure across a broad range of criteria, including issuer, security type and sector
Proactively track compliance against investment policies to identify violations
Implement consistent assumptions across portfolios to generate accurate financial reports
Track investment performance against custom-defined benchmarks to measure investment manager results
Insurance Analytics
Designed to address the stringent regulatory requirements and investment reporting needs of the insurance industry, Insurance Analytics provides investment professionals with a comprehensive solution for dynamically monitoring global investments on a daily basis.
Regardless of the number of legal entities, portfolios, investment managers or custody banks, Clearwater aggregates and independently verifies investment information daily to deliver timely and actionable GAAP (Generally Accepted Accounting Principles) and statutory reports. The automated financial statements (including balance sheet income statement and income and statement of cash flows) is prepared in accordance with Financial Accounting Standards Board (FASB) guidelines, and National Association of Insurance Commissioners (NAIC) standards.
Highlights of Clearwater GAAP Accounting reports, include:
Daily book-of-record information, including market value, amortized cost, accruals, gains and losses, original cost and income
Automated SEC disclosures for financial statements (impairment reporting, FAS 157 fair-value and balance sheet classification reporting)
Automated general ledger upload functionality
Clearwater generates statutory accounting quarterly and annually for Schedule D, DA, & E part II for property/casualty, life and health insurance companies. To optimize efficiency, individual reports can be imported into NAIC approved software packages, including Brooke (TCP), Freedom (AS 2000), A.M. Best (ESP), Sungard (EPS) and Eagle (Wings).
An authorized third-party administrator with the NAIC, Clearwater is approved to receive current pricing and designation values for investment portfolios annually and quarterly through the NAIC Security Valuation Office.
Private Wealth Analytics
Whether a private wealth investor or advisor has one or multiple accounts, Clearwaters Private Wealth Analytics solution delivers transparency to drive smarter investment decisions across the entire investment portfolio. With Private Wealth Analytics, investors and advisors have a single Web-based tool to monitor their entire portfolio holdings on a daily basis. Highlights of Private Wealth Analytics include:
Meaningful reports and analytics With a few clicks, investors and advisors can drill down into equity, fixed income, and other asset types to analyze risk, performance and compliance daily
Consolidated view of net worth Clearwaters automated functions provide an accurate view of net worth based on market conditions. Investors benefit from a complete picture of their balance sheet, cash projections and interest income forecast.
Aggregated and validated holdings across multiple accounts Clearwater independently reconciles and verifies all cash and position movements daily at custody banks and safekeeping institutions to ensure an accurate, consolidated accounting of holdings.
