Case Study: Erie and Niagara Insurance Association achieves timely, audit-quality investment accounting and streamlined NAIC reporting with Clearwater Analytics

Discovering A Complete Investment Accounting Solution

Erie and Niagara Insurance Association (ENIA) is a 100% policyholder‑owned property & casualty insurer founded in 1875, managing a $131M investment portfolio. ENIA relied on a slow, cobbled‑together three‑step investment accounting process—manual data entry from paper custody statements, infrequent market value updates, and disparate manager reports—which produced stale data, lengthy month‑end reconciliations, and limited ability for the board to evaluate portfolio and manager performance.

ENIA moved custody to a bank that partners with Clearwater Analytics and adopted Clearwater’s web‑based, daily‑reconciled accounting, compliance, risk, and customizable performance platform. The solution eliminated manual entry, streamlined NAIC statutory reporting (including Schedule D), delivered daily audit‑quality data, enabled consolidated, board‑ready performance reports, reduced reconciliation and filing time, cut software costs, and let staff focus on more strategic work—all backed by Clearwater’s responsive client support.

Erie and Niagara Insurance Association

Bob Lowe

Executive Vice President