Selective taps Clearwater Analytics for investment automation

Selective Insurance, parent of 10 P&C companies, will implement Clearwater Analytics' software in its accounting department,

Clearwater's offering will help Selective automate data management, reporting and accounting for business and regulatory needs within the company's investment unit. The software-as-a-service product creates tailored reports for end users across the organization.

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Web servers stand inside the Facebook Inc. Prineville Data Center in Prineville, Oregon, U.S., on Monday, April 28, 2014. The Facebook Prineville Data Center features leading energy-efficient technology, including features such as rainwater reclamation, a solar energy installation for providing electricity to the office areas and reuse of heat created by the servers to heat office space. Photographer: Meg Roussos/Bloomberg

“We choose our partners carefully, particularly for long-term relationships. After a comprehensive and detailed evaluation process, Clearwater was our top choice for investment accounting and reporting services,” said Mark Wilcox, CFO at Selective. “We look forward to leveraging Clearwater’s technology, scalable platform, and services.”

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Financial reporting Automation Automated investing
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