Kentucky Employers’ Mutual Insurance, a provider of workers’ compensation insurance, has selected Clearwater Analytics, a provider of web-based investment accounting solutions for insurers, to provide investment accounting, reporting and analytics. KEMI wanted flexible and accessible investment policy compliance and performance reports, and automated investment accounting and reporting.
Kentucky Employers’ Mutual Insurance (KEMI) has diversified to a multiple asset manager model to help maintain financial stability as it experiences significant company growth, Clearwater said. Clearwater’s integrated investment accounting, compliance policy monitoring, performance measurement, and risk analytics solution will help KEMI scale to accommodate asset managers.
With Clearwater, KEMI gains portfolio performance, risk analytics and investment policy compliance monitoring; and custom reports that can be accessed at any time to monitor and track data, Clearwater said. Other benefits include a single web-based solution that simplifies KEMI’s investment accounting process; and an automated investment accounting system that eliminates manual processing.
