Clearwater Analytics (NYSE: CWAN), a technology platform for investment management, announced that Versicherungskammer Group, Germany’s largest public insurer, has selected Clearwater’s platform to manage its middle office, back office, and risk functions.
The decision follows a comprehensive operating model review initiated by Versicherungskammer in 2024 and a structured selection process. This assessment identified a need for increased agility, transparency, and efficiency in response to market developments and demographic shifts. By adopting Clearwater’s cloud-based platform, Versicherungskammer aims to gain real-time data analytics to strengthen investment decision-making and improve performance, allowing the group to concentrate on its core competencies in capital investment.
Martin Knobbe, Head of Middle and Back Office Investment at Versicherungskammer, stated, “Partnering with Clearwater marks an important shift in our investment operations strategy and is central to our goal of future-proofing Versicherungskammer’s investment capabilities. Versicherungskammer becomes part of a platform with over 700 insurance customers, which offers considerable network advantages. This partnership allows us to focus on our core competencies, enhances data quality, supports our decision-making processes, and lays the foundations for the further development of our risk and performance management. This transition not only improves agility and flexibility of our business processes – it future-proofs the Group’s investment operations and provides us with economic advantages.”
Keith Viverito, Managing Director EMEA at Clearwater Analytics, commented, “Versicherungskammer is setting a new benchmark for insurers modernizing their investment operations. It’s a privilege to partner with them on this transformation. Together, we’re implementing a solution that combines technology from our recent acquisitions, Enfusion and Beacon, to deliver a powerful front-to-back platform. This will modernize Versicherungskammer’s operations, significantly enhance the accuracy and timeliness of their data across all asset classes, and support their long-term growth objectives.”
Versicherungskammer is now among more than 2,400 clients globally leveraging Clearwater’s single-instance, multi-tenant platform. The system provides comprehensive investment data management, risk, performance, accounting, and reporting capabilities through a unified cloud-native system. This architecture is designed to eliminate data silos and automate manual processes, which can enhance efficiency and accuracy. Clearwater Analytics supports over $8.8 trillion in assets globally.
