Insurance Asset Risk Awards Celebrate Clearwater's Excellence in IFRS 9 Solutions

 1. Recognition of Excellence:

   - Clearwater Analytics wins the IFRS 9 Solution Provider of the Year award for the second consecutive year.

   - The award underscores Clearwater's expertise in financial reporting and its commitment to simplifying processes for clients.

2. Distinctive Offerings:

   - Clearwater's cloud-based SaaS platform and dedicated Client Services offering provide a robust foundation for clients to navigate IFRS 9 requirements.

   - The solution streamlines financial reporting rules adherence for businesses of all sizes, including the impairment of financial instruments under the ECL model.

3. Commitment to Customer Success:

   - Keith Viverito, Managing Director, EMEA and APAC at Clearwater Analytics, expresses gratitude for the award and highlights Clearwater's dedication to supporting clients.

   - Clearwater's ability to automate ECL allowances and provide comprehensive data management solutions reflects its investment in innovation and focus on customer success.

4. Addressing Industry Challenges:

   - Clearwater addresses challenges in data availability, estimation techniques, scenario analysis, documentation, and auditability related to IFRS 9 adherence.

   - The company's success in delivering sophisticated solutions contributes to its industry-leading Net Promoter Score (NPS) of 60+.

5. Industry Recognition:

   - The award adds to Clearwater's list of industry accolades, including the InsuranceAsia News Excellence Award, the Chartis RiskTech Buyside 50 spot, and the Captive Review Award.

   - These honors reaffirm Clearwater's commitment to enhancing data quality and operational efficiency for clients globally.

Clearwater Analytics' receipt of the IFRS 9 Solution Provider of the Year award for the second consecutive year underscores its leadership in financial reporting solutions. Through its innovative platform and dedicated client services, Clearwater continues to simplify complex processes and drive operational excellence for clients in the insurance asset management sector.