Case Study: The Guarantee Company of North America achieves faster month-end closes and real-time investment reporting with Clearwater Analytics

The Guarantee Company of North America USA Adopting a Different Way with Clearwater

The Guarantee Company of North America USA, a Detroit-based surety insurer managing roughly $180 million in investments, struggled with slow, manual investment accounting and reporting driven by a Canadian parent’s GAAP requirements and a rigid month-end close schedule. Inconsistent custodial data, difficulty reporting complex instruments, and limited compliance monitoring often delayed consolidation and hindered timely decision-making.

The Guarantee implemented Clearwater’s web-based SaaS for daily, tax-lot-level reconciliation, real-time reporting, automated compliance monitoring, and customizable GAAP and statutory outputs. Implementation was smooth, and the firm now closes faster (with month-end numbers available within a day), extracts data for analysis, maintains proactive compliance, and has significantly reduced manual effort while improving portfolio transparency for its parent.

The Guarantee Company of North America

David Korson

Head Accounting Manager, The Guarantee