NorthStandard chooses Clearwater Analytics for Investment Data Management

Adopts Clearwater within its Investment Operating Model Following the Merger of North P&I and The Standard Club
PRNewswireAugust 29, 20233 min

Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, announced that NorthStandard, one of the world’s preeminent marine insurers, has selected Clearwater¬†to enhance its investment operations.

The Standard Club has used¬†Clearwater¬†over the last five years and underwent a strategic merger with North P&I Club in 2023, with the resulting entity renamed “NorthStandard”. The North P&I Club assets will be integrated onto the¬†Clearwater¬†platform to offer NorthStandard a consolidated, single lens perspective on investment accounting and reporting.¬†Clearwater¬†will offer additional transparency into the investment funds by aggregating the underlying holdings and providing fund look-through reporting.

“By selecting¬†Clearwater, we gain a best-in-class, investment reporting solution that automates reporting processes, ensures data accuracy, and establishes a transparent operating model,” said¬†Nick Jelley, Chief Financial Officer at NorthStandard. “The elimination of manual workarounds and fund reconciliation processes will allow us to redirect our efforts towards performing a comprehensive analysis of our portfolios. Embracing cutting-edge technology ensures we remain at the forefront of innovation in our industry.”

“The¬†Clearwater¬†platform empowers leading organizations like NorthStandard to grow seamlessly and scale by providing business leaders with transparency into their acquisitions,” said¬†Scott Erickson, Chief Revenue Officer at Clearwater Analytics. “Our team is dedicated to driving impactful change with our state-of-the-art solutions.¬†Clearwater¬†continues to rewrite the playbook for investment management so our clients can benefit from greater efficiency, data accuracy, and strategic insight.”

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