- Wayne Cooperative Insurance expands its use of Clearwater Analytics to include risk and performance analytics.
- Advanced scenario simulations will enhance Wayne's investment operations by identifying high-performing securities and exploring new asset classes.
- This expansion aims to improve returns and reduce risk exposure for Wayne Cooperative Insurance.
Clearwater Analytics (CWAN, Financial), a leading provider of investment management technology, announced that Wayne Cooperative Insurance has expanded its relationship with the company. Building on their existing use of Clearwater’s core investment accounting and reporting platform, Wayne Cooperative Insurance will now incorporate advanced performance attribution and risk analytics into their strategy.
These new capabilities will allow Wayne Cooperative Insurance's investment team to conduct sophisticated scenario simulations. By assessing potential market events such as interest rate shifts, credit spread changes, and foreign exchange volatility, the team can identify high-performing securities and explore new asset classes. This enhancement is expected to help the company achieve better returns while minimizing risk exposure.
Jeffrey Rice, Chief Investment Officer at Wayne Cooperative Insurance, emphasized the importance of these updates: "With Clearwater’s risk and performance analytics, we can now run detailed scenario simulations to understand and act on potential market events that impact the performance of our portfolio."
Clearwater Analytics is renowned for its comprehensive cloud-native platform designed for institutional investors. The platform integrates portfolio management, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics, serving a global client base with over $8.8 trillion in assets under management.
