Clearwater Analytics Drives Shift to Automated Investment Reporting and Analyticswith New Offerings Targeted to Insurance and Private Wealth Investors

Sophisticated web-based reporting and analytics platform tracks risk exposure,
compliance violations, financial statements and investment performance daily
BOISE, Idaho--(Business Wire)--
Clearwater Analytics, the recognized market leader in web-based reporting and
analytics for corporate treasury departments announced two new offerings --
Insurance Analytics and Private Wealth Analytics to address the nuanced
investment reporting needs of insurance companies and private wealth investors.

Each solution harnesses Clearwater`s powerful and highly scalable technology
platform to provide unparalleled visibility and transparency across multiple
portfolios, asset classes, security types and currencies. Investors have access
to a view of their entire investment portfolio to monitor risk exposure,
compliance violations, financial accounting statements and investment
performance. Investors have the ability to drill down to the tax lot level
information underlying the reporting and analytics to view specific security
characteristics. Clearwater`s platform provides investors with the technology
tools and the business intelligence they need to:

* Automate inefficient manual processes and free-up resources,
* Identify and assess risk exposure across a broad range of criteria, including
issuer, security type and sector,
* Proactively track compliance against investment policies to identify
violations,
* Implement consistent assumptions across portfolios to generate accurate
financial reports, and
* Track investment performance against custom-defined benchmarks to measure
investment manager results.

Insurance Analytics

Designed to address the stringent regulatory requirements and investment
reporting needs of the insurance industry, Insurance Analytics provides
investment professionals with a comprehensive solution for dynamically
monitoring global investments on a daily basis.

Regardless of the number of legal entities, portfolios, investment managers or
custody banks, Clearwater aggregates and independently verifies investment
information daily to deliver timely and actionable GAAP (Generally Accepted
Accounting Principles) and Statutory reports. The automated financial statements
(including balance sheet income statement and income and statement of cash
flows) is prepared in accordance with Financial Accounting Standards Board
(FASB) guidelines and National Association of Insurance Commissioners (NAIC)
standards.

Highlights of Clearwater GAAP Accounting reports include:

* Daily book-of-record information, including market value, amortized cost,
accruals, gains and losses, original cost, and income,
* Automated SEC disclosures for financial statements (impairment reporting, FAS
157 fair-value and balance sheet classification reporting), and
* Automated general ledger upload functionality.

Clearwater generates Statutory Accounting quarterly and annually for Schedule D,
DA, & E part II for property and casualty, life, and health insurance companies.
To optimize efficiency, individual reports can be imported into NAIC approved
software packages, including Brooke (TCP), Freedom (AS 2000), A.M. Best (ESP),
Sungard (EPS), and Eagle (Wings).

An authorized third-party administrator with the NAIC, Clearwater is approved to
receive current pricing and designation values for investment portfolios
annually and quarterly through the NAIC Security Valuation Office.

Private Wealth Analytics

Whether a private wealth investor or advisor has one or multiple accounts,
Clearwater`s Private Wealth Analytics solution delivers industry-leading
transparency to drive smarter investment decisions across the entire investment
portfolio. Until today, private wealth investors seeking a complete view across
their portfolio cobbled together disparate platforms to track their investments.
With Private Wealth Analytics, investors and advisors have a single web-based
tool to monitor their entire portfolio holdings on a daily basis. Highlights of
Private Wealth Analytics include:

* Meaningful reports and analytics - With a few clicks, investors and advisors
can easily drill down into equity, fixed income, and other asset types to
analyze risk, performance and compliance daily.
* Consolidated view of net worth - Clearwater`s automated functions provide an
accurate view of net worth based on market conditions. Investors benefit from a
complete picture of their balance sheet, cash projections and interest income
forecast.
* Aggregated and validated holdings across multiple accounts - Clearwater
independently reconciles and verifies all cash and position movements daily at
custody banks and safekeeping institutions to ensure an accurate, consolidated
accounting of holdings.

Empowering Investors with Industry-Leading Functionality

Building on its leading position in reporting and analytics, Clearwater also
unveiled enhancements to its core reporting platform which benefit many investor
types:

* New Risk Sector Viewing Options - Market sector, industry sector and industry
sub-sector views are now available through Clearwater`s risk reporting module.
* FDIC Guaranteed Bonds - Temporary Liquidity Guarantee Program (TLGP) FDIC
guaranteed bonds are now identified in investor portfolios.
* FAS 91 Reports - Clients can now select either the retrospective or
prospective method of periodically adjusting amortization schedules for
asset-backed and mortgage-backed securities, based upon updated prepayment
information.

Additionally, in mid-February, Clearwater rolled-out enhancements to automate
and streamline reporting and disclosure requirements to facilitate compliance
with FAS Rule 157.

"In today`s fast paced market environment, investors simply can`t afford to use
manual spreadsheet processes to track and manage large investment portfolios --
the risks are too high," said Clearwater Analytics CEO Courtlandt Gates.
"Without instant access to accurate and actionable data, organizations have
neither a meaningful overview of what they own nor detailed insight into the
nature of their individual investment assets."

"For more than five years, Clearwater Analytics has been a key partner to many
of the world`s most sophisticated investors," Gates continued. "Our
industry-leading reporting and analytics have helped organizations save millions
of dollars in resources, and in costly mistakes."

About Clearwater Analytics

Launched in 2003, Clearwater Analytics reports on nearly $400 billion in assets
for more than 2,000 institutional investors globally. The company`s
industry-leading technology is the only platform on the market to offer a
complete solution for dynamically monitoring global investments on a daily
basis. To schedule a free demonstration of Clearwater Analytics technology and
services, visit www.clearwateranalytics.com/godemo, call (800) 250-7543 or email
info@clearwateranalytics.com.

Clearwater Analytics
Lori Schwind, 208-724-4975
lori@clearwateranalytics.com

Copyright Business Wire 2009