KEMI Seeks Improved Investment Portfolio Accounting, Reporting with Clearwater Analytics

KEMI’s objective is to achieve more flexible and accessible investment policy compliance and performance reports, as well as automated investment accounting and reporting, as it moves to a multiple-asset manager model.

( Fayette County courthouse, now the home of the Lexington History Center. Photo credit: Sydney and Russell Poore.) 

Kentucky Employers’ Mutual Insurance (KEMI; Lexington, Ky.) has selected Clearwater Analytics to provide integrated investment accounting, reporting and analytics for its $750 million investment portfolio. KEMI’s objective is to achieve more flexible and accessible investment policy compliance and performance reports, as well as automated investment accounting and reporting, as the firm moves to a multiple-asset manager model, according to a vendor statement.

“Clearwater gives us independent control of our compliance and performance monitoring,” comments Dwight Price, director of finance, KEMI. “Our asset managers do a great job. But Clearwater is the best choice for KEMI’s independent and integrated accounting, reporting, and compliance monitoring. The combination of our asset managers and the powerful tools from Clearwater give us complete confidence in our investment accounting, reporting, and analytics.”

KEMI, which covers more than 22,000 policyholders, has diversified to a multiple asset manager model in order to help maintain that financial stability as it experiences significant company growth. Clearwater asserts that its integrated investment accounting, compliance policy monitoring, performance measurement, and risk analytics solution will help KEMI easily scale to accommodate more asset managers as the insurer continues to grow.

Benefits of the Clearwater solution to KEMI include the following, according to the vendor:

–          Portfolio performance and risk analytics and investment policy compliance monitoring based on accurate accounting data;

–          Custom reports that KEMI can access at any time to monitor and track data, as needed;

–          A single web-based solution that simplifies KEMI’s entire investment accounting process;

–          An automated investment accounting system that eliminates manual processing.

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 [email protected] or (503) 936-2803.

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