The latest client win news from Clearwater Analytics;
Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, announced today that Generali Deutschland AG has selected CWAN’s investment management platform for its €40 billion unit-linked fund (ULF) life insurance business, unifying processes across four subsidiaries and preparing the group for accelerated growth in one of Europe’s fastest-expanding sectors.
The partnership reflects a strategic move ahead of unprecedented market expansion. The global unit-linked insurance market reached $906.9 billion in 2023 and is projected to grow at 10.9% annually through 2032, reaching $2.3 trillion, according to Allied Market Research. This growth trajectory is creating competitive separation between insurers capable of scaling operations and those constrained by fragmented systems across multiple European jurisdictions.
Under a multi-year agreement, Generali Deutschland will consolidate portfolio management, order execution, investment accounting, reconciliation, and regulatory reporting on CWAN’s front-to-back investment management platform. The unified deployment will provide real-time data, standardized processes, and automated controls across all ULF subsidiaries, replacing historical fragmentation with an operating model built for agility, transparency and efficiency.
CWAN’s platform ensures seamless compliance with evolving European regulatory frameworks, including the Digital Operational Resilience Act (DORA) and multiple accounting standards, while delivering automatic platform upgrades that eliminate costly migration cycles. This gives insurers operating at scale a material advantage in adapting to regulatory change while efficiently managing higher capital inflows into ULF, processing significantly higher volumes of transactions, and streamlining the management of underlying funds.
“European insurers are facing a convergence of explosive market growth and increased regulatory complexity,” said Toralf Moller, Head of Investment Accounting at Generali Deutschland AG. “CWAN gives us infrastructure that will support us to unlock the full potential along the value chain of our ULF business. We are positioning ourselves for the future, seizing market opportunities, and will be able to enhance the automation of our processes, allowing us to redirect resources to strategic initiatives that drive customer value.”
“The European ULF market is growing quickly, and insurers need infrastructure that can keep pace with that level of expansion,“ said Josef Sommeregger, Head of Insurance, EMEA at CWAN. “CWAN gives Generali a unified operating model across all subsidiaries, to address the rapidly increasing capital inflows, as well as the expanded volume of managed accounts and daily transactions. In addition this is the foundation insurers need to comply effectively with all regulatory requirements in a multi-jurisdiction environment.”
Learn more by speaking to an expert at www.cwan.com.
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