FBD Insurance Chooses Clearwater Analytics to Integrate and Streamline Their Investment Accounting and Reporting

Business Wire

EDINBURGH, Scotland--(BUSINESS WIRE)-- Clearwater Analytics^® announced today that FBD Insurance, a property and casualty insurer serving clients across Ireland, has chosen Clearwater as their investment accounting, reporting, and analytics solution.

FBD is the largest agri-sector insurer and the one of the largest non-health general insurers in Ireland. Clearwater will provide FBD with automated and verified investment accounting data and integrated compliance monitoring, risk awareness, performance analysis, and multinational regulatory reporting across their 34 branch offices to improve FBD’s operational efficiency, risk clarity, and data accuracy. Clearwater’s user-friendly platform will simplify FBD’s overall investment accounting process without increasing their reliance on internal IT teams, even as FBD explores more complex investment strategies.

‘The reporting timeliness and data visibility Clearwater will provide is a huge asset’, said Peter Jackson, Head of Investments for FBD. ‘Clearwater will also improve our investment data aggregation, accuracy, and access. Clearwater has a proven track record with other European companies, which gave us additional confidence in the solution. We know Clearwater is the best choice to support our growing portfolio and complex reporting needs’.

Clearwater’s system will provide FBD with:

An automated investment accounting and reporting solution
Integrated portfolio performance and risk analytics
Timely investment policy compliance monitoring
Customised reporting capabilities for portfolio transparency
A world-class client services team providing proactive industry expertise
Seamless and scalable regulatory report integration, including for Solvency II
A user-friendly, integrated web-based solution

‘At Clearwater, we leverage the power of best-in-class technology to streamline processes for insurers of all sizes and types’, said Clearwater COO Mike Boren. ‘We are excited to partner with FBD to help them discover how automation and web-based technology can improve every level of their investment accounting and reporting’.

About Clearwater Analytics

Clearwater Analytics® is the leading provider of web-based investment accounting, reporting, and reconciliation services for insurance companies, corporate treasuries, and asset managers worldwide. Clearwater aggregates, reconciles, and reports on more than £989 billion assets across thousands of accounts daily. Clearwater helps clients such as Hiscox, C.V. Starr & Co., and more, streamline their investment and accounting operations. Clearwater is committed to continuous improvement and specialised expertise. Clearwater encourages firms to rethink how they approach their investment accounting and reporting challenges.

About FBD

FBD has 40 years of insurance experience and has grown into one of Ireland’s largest insurers with over 500,000 loyal and satisfied customers. With local sales offices nationwide, telephone and online support, FBD's quality customer service is never more than a few steps away. FBD leads the market in terms of offering unique and unrivalled insurance protection for car, home, business and farm insurance. In addition to insurance FBD have a dedicated team of highly experienced investment and pension professionals to offer advice to both individuals and businesses.