Insurance Asset Risk Awards Celebrate Clearwater’s Excellence in IFRS 9 Solutions
- Achievement Overview:
– Clearwater Analytics has won the IFRS 9 Solution Provider of the Year award for the second consecutive year.
– The award recognizes Clearwater’s expertise in navigating financial reporting complexities and simplifying processes for clients.
- Industry Recognition:
– The Insurance Asset Risk Awards annually recognize outstanding technology firms in the insurance asset management sector.
– Clearwater’s cloud-based SaaS platform and dedicated Client Services offering have distinguished it from competitors, providing robust solutions to assist clients with IFRS 9 compliance.
- Statement from Clearwater Executive:
– Keith Viverito, Managing Director, EMEA and APAC at Clearwater Analytics, expressed gratitude for the award and highlighted Clearwater’s dedication to supporting clients.
– Viverito emphasized Clearwater’s ability to simplify the financial reporting process and align with IFRS 9 requirements through automation and comprehensive data management solutions.
- Addressing Challenges:
– Clearwater addresses challenges faced by businesses in adhering to IFRS 9, particularly in impairment of financial instruments like the Expected Credit Loss (ECL) model.
– The company’s sophisticated solutions tackle issues such as data availability, estimation techniques, documentation, and ongoing monitoring, contributing to its industry-leading NPS score.
- Continued Recognition:
– The IFRS 9 Solution Provider of the Year award adds to Clearwater’s growing list of industry accolades.
– Previous awards include the InsuranceAsia News Excellence Award for Technology Provider of the Year and recognition in the Chartis RiskTech Buyside 50 and Captive Review Award.
Clearwater Analytics’ receipt of the IFRS 9 Solution Provider of the Year award for the second consecutive year underscores its commitment to excellence in financial reporting solutions. With its innovative platform and dedication to client success, Clearwater continues to set industry standards and enhance operational efficiency for clients worldwide.