UK Government-backed terrorism reinsurer Pool Re has partnered with Clearwater Analytics to enhance its investment operations, accounting and risk management infrastructure.  

The reinsurer has been utilising Clearwater’s platform as its Investment Accounting Book of Record following a tender process completed in 2024. 

Since the deployment, it has extended the use of the system to incorporate risk analytics for managing investment risk exposure. 

The system will provide scenario and shock analysis for risk assessment, support data-driven decision-making with validated information, and offer automated reporting alongside compliance monitoring and integrated performance measurement. 

Pool Re chief finance and investment officer Rich Roberts said: “Clearwater’s platform plays an important role within our investment and finance operations. It gives us the precision and speed we need to support robust investment decision-making, as we steer the investment portfolio in support of our ultimate mission of providing financial protection to the UK economy against the risk of terrorism. 

“The platform integrates complex investment data, compliance and risk calculations into a single, automated solution – something that previously required multiple systems and manual reconciliation.”  

Clearwater EMEA managing director Keith Viverito said: “Institutional investors need speed, accuracy and real-time insight to navigate today’s complex markets. This partnership with Pool Re shows how Clearwater helps leading organisations streamline operations, eliminate manual processes and access comprehensive risk analytics – all from a single platform.” 

In April, Pool Re appointed Richard Roberts as its chief finance and investment officer.  

Pool Re’s coverage includes commercial property reinsurance for losses due to terrorism, encompassing a broad spectrum of threats such as chemical, biological, radiological and nuclear incidents, as well as damage from remote digital interference and non-damage business interruption.