Selective Insurance Chooses Clearwater Analytics for Automated Investment Accounting and Reporting

By a News Reporter-Staff News Editor at Insurance Weekly News -- Clearwater Analytics® announced that Selective Insurance Company of America, the lead servicing carrier of Selective Insurance Group, Inc. (NASDAQ:SIGI), a holding company for ten property and casualty insurance companies rated "A" (Excellent) by A.M. Best, has chosen Clearwater as their investment accounting and reporting solution.

As a leader in innovative investment data management and analytics, Clearwater is a strategic choice for Selective as they invest in a future-focused operations infrastructure. Clearwater's customizable reporting will enable Selective to create tailored and shareable reports for a variety of stakeholders to increase communication across the organization.

"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, Chief Financial Officer at Selective. "We look forward to leveraging Clearwater's technology, scalable platform, and services."

Clearwater is an automated SaaS solution for investment portfolio data. The web-based system reports on more than $2 trillion held by insurers, corporations, investment managers, and other institutions.

Keywords for this news article include: Insurance Companies, Clearwater Analytics.

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