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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 analysis and reporting operations.
Shane Akeroid, Chief Strategy Officer and President, Asia Pacific, Clearwater Analytics, expressed his excitement to welcome MSIG Singapore to its growing customer community across Asia.
Mr. Akeroid said, “Our relentless focus on client success and innovation has led us to support industries like MSIG Singapore that require superior technology to power the type of reporting required in today’s complex and ever-changing regulatory environment. We believe it will attract leaders.”
MSIG Singapore leverages Clearwater’s technology platform to obtain a comprehensive overview of investment portfolio reporting and analysis. This gives employees access to consistent, easy-to-understand data that helps them better understand their investment portfolios.
The introduction of digital reporting gives investment teams and local stakeholders the flexibility to respond to international reporting standards, including IFRS 9. This move is expected to streamline reporting processes, reduce costs, and allow teams to further focus on effectively managing their portfolios.
Mr Chok Kar Ching, Senior Vice President and Head of Finance at MSIG Singapore, said: “Our partnership with Clearwater Analytics marks an important step in our commitment to excellence and compliance with global reporting standards. “We will do so,” he said, emphasizing the importance of collaboration.
“With Clearwater’s advanced technology, we look forward to not only meeting but exceeding our reporting and compliance goals.” It is consistent with our vision,” Chin added.
The partnership between MSIG Singapore and Clearwater Analytics is an important step forward for both organizations, highlighting their shared commitment to leveraging technology to streamline operations and adhere to global standards.
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