In a recent announcement, MSIG Singapore, a subsidiary of MS&AD Insurance Group, revealed its decision to partner with Clearwater Analytics to enhance its investment data management, portfolio analytics, and reporting operations.
Shane Akeroyd, Chief Strategy Officer and President, Asia Pacific at Clearwater Analytics expressed excitement about welcoming MSIG Singapore to its expanding client community across Asia.
Akeroyd stated, “We believe our relentless focus on client success and innovation attracts industry leaders like MSIG Singapore that require superior technology to power the kind of reporting needed for today’s complex, ever-changing regulatory environment.”
MSIG Singapore will utilise Clearwater’s technology platform to gain a comprehensive overview of its investment portfolio reporting and analytics. This will provide employees with access to consistent and easy-to-understand data, enabling them to better understand their investment portfolios.
The adoption of digital reporting will grant investment teams and regional stakeholders the flexibility to meet international reporting standards, including IFRS 9. This transition is expected to streamline reporting processes, reduce costs, and enable teams to focus more on managing portfolios effectively.
Chock Ker Ching, Senior Vice President and Head of Finance at MSIG Singapore, emphasised the importance of the collaboration, stating, “Our partnership with Clearwater Analytics signifies a crucial step in our commitment to excellence and adherence to global reporting standards.”
“With Clearwater’s advanced technology, we anticipate not only meeting but exceeding our reporting and compliance objectives. Adopting the Clearwater platform aligns with our vision to be at the forefront of innovation within the insurance industry,” Ching added.
The partnership between MSIG Singapore and Clearwater Analytics highlights a shared commitment to leveraging technology for streamlined operations and adherence to global standards, marking a significant step forward for both organisations.
