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MSIG Europe, a subsidiary of MS&AD Insurance Group, has signed on to use Clearwater's cloud platform. The insurer will use the software to automate its investment accounting and handle complex European reporting rules, such as Solvency II, which dictates how much capital insurers must hold to stay safe.
This win is a good sign for the company's growth in Europe. It shows that even with a buyout pending, Clearwater is still winning large institutional clients who need a single source of truth for their complicated global portfolios.
Source: Business Wire
The company has a reliable habit of clearing the bars set for it, beating expectations in six of the last eight quarters while growing revenue at a rapid clip.
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