M&G Investments Selects Clearwater Analytics
M&G Investments, a prominent global asset manager, has chosen Clearwater Analytics to bolster its third-party insurance operations. This strategic partnership is aimed at automating investment management and regulatory reporting, addressing the increasingly complex needs of M&G’s global insurance clientele.
Clearwater Analytics, renowned for its SaaS-based investment management, accounting, reporting, and analytics solutions, will provide M&G with a white-labeled version of its platform. This integration will facilitate a streamlined and comprehensive view of investment portfolios, enabling M&G’s insurance clients to meet multifaceted regulatory requirements across different jurisdictions efficiently.
“As insurers face increasingly complex challenges in managing their investment portfolios, we recognise the importance of providing robust, innovative technical solutions that keep pace with evolving regulatory change,” says Russell Lee, M&G’s Head of Insurance Solutions. “Clearwater’s enhanced capabilities will also allow us to expand our Insurance Solutions footprint in international markets experiencing strong growth in insurance and reinsurance, while also providing clients with greater access to M&G’s compelling public and private markets investment expertise. Clearwater will be a valuable partner in enabling us to provide our clients with the exceptional service they require.”
“As insurance regulatory requirements become increasingly complex, we are dedicated to enhancing our platform’s capabilities to provide asset managers and insurers with a best-in-class investment accounting and reporting solution,” said Keith Viverito, General Manager of EMEA and APAC at Clearwater Analytics.
“M&G’s insurance clients will experience the benefits of a consolidated view of their portfolio investments. They will also have the flexibility to address unique reporting challenges across different regulatory regimes leveraging modern best-in-class technology and workflows. We are thrilled to have been selected by M&G and look forward to collaborating with them to transform the underlying technology supporting their insurance solutions group.”
The adoption of Clearwater PRISM, a leading client reporting platform, will enable M&G to consolidate data from multiple sources, enhancing the efficiency, timeliness, and accuracy of monthly investment board packages and other reporting requirements. This move is expected to drive significant growth and scalability for M&G’s insurance solutions group, positioning it as a key player in international markets with strong insurance sector growth.
M&G Investments, part of M&G plc, has a legacy of nearly nine decades in the investment industry. The firm manages assets worth US$435.52bn and serves a diverse clientele, including individual savers, life insurance policyholders, and pension scheme members. M&G is also committed to responsible investing, being a signatory to the United Nations Principles for Responsible Investment and aiming for net-zero carbon emissions across its assets under management by 2050.
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