Case Study: Attorneys Liability Protection Society achieves scalable, automated investment accounting and rapid regulatory reporting with Clearwater Analytics

Growth Draws Insurer To Clearwater's Scalable Investment Accounting Solution

Attorneys Liability Protection Society (ALPS) is a U.S. professional liability insurer for attorneys with a roughly $100M investment portfolio managed by its in‑house asset manager, Peak. As ALPS prepared to become an admitted carrier and grow, its legacy investment accounting was increasingly manual and error-prone, couldn’t easily add custody accounts or handle more complex securities, and caused delays and risk in month‑end and statutory reporting.

ALPS moved to Clearwater’s web‑based investment accounting platform with direct custodian feeds and automated daily reconciliations, pricing and compliance monitoring. The change delivered accurate daily data, month‑end numbers within a day and quarter‑end NAIC reporting in three days, eliminated spreadsheet-driven processes, enabled investment in more complex securities, and created a scalable, audit‑ready accounting workflow.

Attorneys Liability Protection Society

Kat Hylland

Senior Accountant, ALPS