Clearwater Analytics (NYSE: CWAN) has expanded its technology platform for existing client Prosperity Life Group and its insurance-focused asset manager, Prosperity Asset Management, to bolster their capacity for managing growing mortgage asset portfolios, specifically complex residential tranche loans (RTLs).
The additional solution integrates seamlessly with Prosperity’s existing Clearwater platform, providing a unified system for the entire mortgage lifecycle. This includes origination, deal management, analytics, accounting, and reporting. The integration aims to enhance transparency and control, enabling Prosperity to manage increased volume and complexity within its mortgage portfolio, alongside optimizing tranche-specific drawdown schedules for its RTL portfolio. The platform’s accurate and timely data is designed to offer Prosperity an up-to-date view of its mortgage book and a comprehensive portfolio overview.
Richard Gordon, Controller at Prosperity Asset Management, stated, “As we continue to strategically scale our mortgage portfolio, expanding our partnership with Clearwater will help to streamline and enhance our operational capabilities. This solution provides our asset management and insurance teams with clean and accurate data that will help them make informed decisions and meet regulatory requirements.”
Kirat Singh, President of Risk and Alternative Assets at Clearwater Analytics, commented, “Prosperity is taking a strategic step forward by ensuring its mortgage investments are backed by scalable, transparent, and automated infrastructure. The demands on insurance companies with mortgage books are increasing, and leading firms respond by modernizing their approach. With Clearwater, Prosperity is positioning itself for long-term growth with the agility and insights needed to navigate an evolving market.”
Prosperity Life Group is an organization involved in insurance, reinsurance, and asset management. Its underwriting companies have over a century of experience providing life insurance, asset accumulation, and supplemental health products. Prosperity’s asset management activities are conducted through Prosperity Asset Management, which specializes in private and public credit opportunities and origination platforms, with a focus on the insurance sector.
Clearwater Analytics is a cloud-native platform for institutional investors across global public and private markets, listed on the NYSE as CWAN. The platform aims to resolve issues such as risk, inefficiency, and data fragmentation often associated with legacy systems. Its single-instance, multi-tenant architecture provides real-time data and AI-driven insights throughout the investment lifecycle, integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics into a unified system. Clearwater supports over $8.8 trillion in assets globally, serving insurers, asset managers, hedge funds, banks, corporations, and governments.
