M&G Investments partners with Clearwater Analytics for insurance business growth.

TLDR:

Key Points:

• Clearwater Analytics has been selected by M&G Investments to provide a SaaS-based investment accounting solution.
• The partnership will strengthen M&G’s third-party insurance business by automating investment management and regulatory reporting.

Article:

Clearwater Analytics, a leading provider of investment management solutions, announced that M&G Investments has chosen them as their SaaS-based investment accounting solution provider. This partnership aims to enhance M&G’s insurance business by providing timely and comprehensive investment accounting and reporting.

Clearwater’s platform will automate investment management and regulatory reporting for M&G’s global insurance clients. This will include a white-labeled version of Clearwater’s platform for M&G’s insurance clients to access through a web portal, as well as monthly report generation using Clearwater PRISM. The goal is to provide clients with a complete view of their investments and help them meet complex accounting requirements.

Furthermore, Clearwater will streamline the delivery of monthly investment board packages for M&G, improving efficiency and accuracy in the process. Russell Lee, M&G’s Head of Insurance Solutions, emphasized the importance of providing robust technical solutions to address evolving regulatory changes.

Keith Viverito, General Manager of EMEA and APAC at Clearwater Analytics, highlighted the platform’s enhanced capabilities to support asset managers and insurers with investment accounting and reporting solutions. The partnership with M&G will enable clients to leverage modern technology and workflows to address reporting challenges across different regulatory regimes.

Overall, the collaboration between Clearwater Analytics and M&G Investments aims to provide M&G’s insurance clients with a consolidated view of their portfolio investments and enhance the overall service experience. This partnership reflects the commitment of both companies to adapt to the evolving landscape of insurance industry regulations and technology.