Clearwater Analytics Improves Investment Policy Compliance Monitoring

The Boise, Idaho-based vendor touts new functionality that makes its compliance interface faster and more intuitive.


Clearwater Analytics, a Boise, Idaho-based provider of integrated, web-based investment accounting and reporting solutions for insurance carriers, has released new compliance product functionality to enhance existing monitoring capabilities. Clearwater now features a faster and more intuitive compliance interface that clients can rely on to easily monitor their investment policies, according to the vendor.

The enhancements to the Clearwater solution will improve insurers’ ability to instantly assess whether or not investment portfolios are in compliance with the NAIC’s Compendium of State Laws on Insurance Topics (investment policies) in any U.S. state, even as state policy guidelines change, a vendor statement asserts. If a state or internal policy is out of compliance, Clearwater automatically notifies the client of any violations, according to the statement. Insurers can then drill into the portfolio to view the violations. Clearwater has also released enhanced audit and reporting functionality to improve how insurers manage and understand their investment portfolios.

Scott Erickson, Director, Clearwater Analytics.

Scott Erickson, Director, Clearwater Analytics.

“Monitoring and maintaining compliance with state-mandated investment policies is a tedious task for many insurance companies,” comments Brian Stephens, insurance client services team lead, Clearwater. “Every day, Clearwater produces over 15,000 investment policy compliance tests on behalf of our clients. By automating investment policy compliance monitoring, insurance executives can concentrate on what they do best—protecting the portfolio from risk and looking for opportunities to increase investment yield.”

Clearwater’s improvements are designed in response to client feedback about what works best for them, according to Scott Erickson, director of product management and client services, Clearwater. “Because we provide a SaaS solution, our clients are able to benefit from new product enhancements like this as soon as they are available.”

Benefits related to Clearwater’s new functionality include the following, according to the vendor statement:

  • Compliance with any state-mandated investment policy is automatic, intuitive, fast, and more powerful than ever before;
  • A new focus on customization means insurers can add data points (lot-level detail such as unrealized gain/loss, book value, duration, book-adjusted carrying value, etc.) and can view policies and investment portfolios any way they want;
  • Enhanced reporting and auditing capabilities allow insurers to generate custom investment policy compliance reports and export notes and resolutions to inform relevant internal and external stakeholders;
  • With daily views into investment policy compliance, insurers can easily direct managers to adjust investment portfolios

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at or (503) 936-2803.

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