French Mutual Insurer Adopts Clearwater JUMP
Unit-Linked Funds (ULF) to Automate Investment Operations
BOISE,
Idaho and PARIS,
Aug. 6,
2024 /PRNewswire/ -- Clearwater Analytics (NYSE:
CWAN), a leading worldwide provider of SaaS-based investment
management, accounting, reporting, and analytics solutions, today
announced that La France Mutualiste selected Clearwater's cutting-edge platform to
modernize its investment operations and reporting processes and has
already onboarded all its unit-linked activities onto the
Clearwater JUMP ULF platform successfully. The partnership marks a
significant digital transformation for La France Mutualiste as it
moves to automate manual tasks, enhance operational efficiency, and
drive future growth.
La France Mutualiste is a France-based mutual insurance group
specializing in life insurance, pensions, and asset management.
With approximately €10 billion in assets under management across
various investment types including funds, ETFs, fixed income,
equities, and private equity, La France Mutualiste needed a
comprehensive end-to-end investment lifecycle solution to replace
its legacy system and meet the reporting needs of its
portfolio.
The transition to Clearwater JUMP ULF was prompted by the
increasing volumes in La France Mutualiste's unit-linked activities
and the need for a modern, integrated platform capable of handling
both its unit-linked and general funds investment operations. With
Clearwater, La France Mutualiste
will reduce manual processes, inefficiencies, and potential risk
exposure across key areas such as order entry, reconciliation,
reporting, and custodian communication.
"Clearwater offers the
automation, scalability, and technology foundation we need to
streamline our operations and position our business for sustainable
growth," said Boris Jacquet,
Director of Investment Management of La France Mutualiste.
"Clearwater JUMP ULF enables us to eliminate manual tasks and
optimize our processes. This way, we can focus on the high-impact,
strategic work that drives greater value for our business."
Through the implementation of Clearwater JUMP ULF, La France
Mutualiste aims to accomplish these key objectives:
- Securing investment operations by automating trade entry,
reconciliations, and custodian interactions.
- Optimizing processes by automating reporting, custodian
communications, and unit-linked order transfers.
- Transitioning to a modern technical architecture with seamless
version upgrades and user-driven functional administrative
experience.
"La France Mutualiste's digital transformation journey is an
ongoing commitment, and we are dedicated to supporting them at
every step," said Emmanual Fougeras,
President of Clearwater's JUMP
products. "Clearwater JUMP ULF provides a comprehensive, scalable
solution that automates the entire investment operation for leading
firms like La France Mutualiste."
To learn more about Clearwater Analytics, speak to an
expert today.
About La France Mutualiste
Founded over 130 years ago by Léon Guillot with the ambition to
enable all French people to build their retirement, La France
Mutualiste brings together and supports more than 290,000
member-clients. As a specialist in savings and retirement, as well
as insurance and health solutions through its subsidiary Média
Courtage, the group manages approximately €10 billion in assets.
Established across France with a
network of 58 agencies, La France Mutualiste maintains a close and
trusting relationship with its members, characterized by
transparency and attentiveness. This family spirit motivates and
unites its employees and volunteers. True to its mutualist name and
DNA, La France Mutualiste believes that forming a group is
essential to better defend each individual and that collective
strength is crucial for providing a better future for its members
and our world. Its societal commitment is expressed particularly
through the support of numerous projects that enhance
intergenerational links.
https://www.la-france-mutualiste.fr/
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading
SaaS solution, automates the entire investment lifecycle. With a
single instance, multi-tenant architecture, Clearwater offers award-winning investment
portfolio planning, performance reporting, data aggregation,
reconciliation, accounting, compliance, risk, and order management.
Each day, leading insurers, asset managers, corporations, and
governments use Clearwater's
trusted data to drive efficient, scalable investing on more than
$7.3 trillion in assets spanning
traditional and alternative asset types. Additional information
about Clearwater can be found
at clearwateranalytics.com.
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SOURCE Clearwater Analytics
