Automation, integration saves time and solve challenges

Delphi Financial Group

Delphi Financial Group is a financial holding company focused on specialty insurance and insurance-related service businesses in North America. Delphi is a member of the Tokio Marine Group, Japan’s largest non-life insurer and one of the world’s top-tier global insurance groups.

• Headquarters Wilmington, Delaware
• Assets Under Management $51B
• Website https//www.delphifin.com/

Delphi was faced with unique challenges managing a complex global portfolio across several legal entities and also wanted to reduce the amount of manual work with accounting and reporting for more complex asset classes. They turned to Clearwater for validated portfolio data, investment book-of-record accounting, and transparent, real-time portfolio reporting.

• $51 Billion in AUM
• ~35 manager feeds
• >10 broker feeds

Challenges

• Complex global portfolio across several legal entities
• Highly manual processes were extremely time- and labor-intensive
• Incorrect or inconsistent data elements caused delays in reporting

Results

• Clearwater’s multi-basis, multi-currency accounting platform handles the complexity of Delphi’s portfolio
• Workflow transformation making a difference in providing timely, accurate and insightful information
• With daily and automated data validation, Delphi’s team has more insight and control over portfolio data

“Clearwater has transformed the way we do business. A majority of the higher-risk, manual touchpoints have been automated away, with appropriate data validation checks to ensure a high-quality end product.”

Stephen McLoughlin, Manager, Delphi Investment Services