Case Study: Group Health Cooperative
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(1)Overview: Since adopting the Clearwater system, Group Health Cooperative has been able to engage in very frank and informed discussions with its external asset managers. Determining impairments in the wake of the 2008 financial crisis was extremely difficult, based on the data they received from asset managers who were heavily allocated in security types that were ultimately impaired.
"Clearwater is not just a treasury solution or an accounting solution, but a complete finance solution. Thankfully, they offer the same level of automation, transparency and immediacy for insurers that they provide for their corporate clients." Bret Myers | Assistant Treasurer and Head of Investments
Business Situation:
• Current investment strategy geared towards capital preservation
• Strong objective to generate investment income
• In-house expertise and outsourced accounting resources were limited
Solution Selection:
• Desired an outsourced, web-based solution with the ability to drill down to individual securities
• Looked to include all of Group Health?s investment portfolio data into one scource
• The ability to aggregate risk exposures, concentrations and performance data
Results and Benefits:
• Able to have informed investment discussions with their external asset managers
• Compliance monitoring and auto-notifications that allow for proactive risk mitigation
• Regularly scheduled enhancements based on regulatory requirements and industry trends
